China Electric Car Stock

EV sales continue to soar in China.

At the end of 2022, China nearly doubled its entire EV stock in a single year, reaching 14.1 million EVs on its road.

In the same year, the country sold nearly 6 million EVs, of which 75% are fully battery operated EVs.

China also increased its public EV charging infrastructure by 626,000 charging units, or a 55% growth year-over-year.