Nepalese media announced that new energy vehicles from China have already occupied the majority of the Nepalese market! Since July 2024, the purchase rate of electric vehicles in Nepal has exceeded that of fuel-powered cars. The import volume of fuel-powered cars dropped from 10,310 units in the fiscal year 2019-20 to 3,537 units in the fiscal year 2023-24; while electric vehicles imported 11,466 units. Among them, 7,931 electric vehicles were imported from China, accounting for 69%. In the 2019-20 fiscal year, Nepal imported 236 electric vehicles from China, a 35-fold increase over four years.

Company Di has already captured the market for new energy vehicles in Nepal. The main reason for the increase in imports is the convenience of bank financing, with bank loans reaching about 90% of the vehicle cost. Company Di occupies most of the market mainly because of its low price. Nepal indeed has little money, and the loan rate for buying a car is as high as 90%, but even so, people still want to buy. Plus, Company Di's several affordable vehicles have quickly opened up the market in Nepal, which has become inevitable!

Additionally, electric vehicles that are priced at tens or even hundreds of thousands of yuan domestically, if transported to Nepal, would be sold for over one million, so how many Nepalese can afford it? Therefore, Company Di sells in Nepal, still due to price advantages. Start by selling low-end models, then high-end ones, this is the only way forward!

Previously, the automobile market in Nepal was mainly dominated by Tata cars from India, which remained unchanged for decades. However, when Chinese new energy vehicles entered the Nepalese market, they quickly won the hearts of the local Nepalese people. The cars produced by Tata Group are indeed not of good quality, and Chinese new energy vehicles entering Nepal are like a complete domination of Indian-made cars, a clear case of overwhelming superiority.

However, so far, the purchasing power of Nepalese people is limited, they can only afford low-cost new energy vehicles, so affordable Company Di vehicles can be sold in various ways in Nepal. But high-end electric vehicles should not go to China, those new energy vehicles that are at least tens of thousands of yuan, just don't think about it.

Too expensive new energy vehicles, Nepal can't afford, it's already a loan, how could they possibly get such a large loan, they can't even repay it. So, most of the new energy vehicles from China can only be sold domestically, it's not that easy to go out. Watching Company Di's low-end vehicles sweeping through abroad, we can only feel some envy.

Original article: https://www.toutiao.com/article/1837700188725515/

Statement: This article represents the views of the author.