After weeks of strict lockdown measures, China’s electric vehicle sector is returning to business-as-usual. The latest figures reveal significant sales growth, albeit lower than might have been expected were productivity not limited by COVID-19 and supply chain problems.
Stocks in China’s technology and electric vehicle sectors shot up on Wednesday. This might be attributed to government statements released yesterday, which signalled a shift in tone and prioritisation of support and stability on the part of the government for China’s domestic firms.
Tesla capped its blockbuster 2021 with the news that it succeeded in setting a new record for vehicle deliveries despite the global semiconductor chip shortage. However, growing safety concerns regarding the firm’s electric vehicles may cast a shadow on Tesla’s prospects as we move into 2022.