China's new energy vehicle industry has shown rapid development in recent years. Data from the Ministry of Industry and Information Technology show that in 2021, global sales of new energy vehicles reached 6,311,200 units, an increase of 119.01% year on year. In the first quarter of 2022, the global new energy vehicle market remained buoyant, with cumulative global sales of about 2.03 million units, up 87.35% year-on-year. In terms of production and sales scale, by the end of May 2022, the cumulative sales of new energy vehicles in China reached 11.08 million units. Domestic new energy vehicle production and sales for seven consecutive years the world NO. 1. (Data from the network)
e-Future, as a new player in the global new energy market, after winning an order for 50,000 units in the Philippine market, has once again entered the Southeast Asian market. e-Future not only won an excellent sales order in the Singapore market in June but also reached a strategic partnership with Singaporean customer VA, further consolidating and strengthening Singapore's strategic position in the global market.
Electric vehicle registrations in Singapore accounted for 8.4% of all new vehicle registrations in the first five months of this year, more than double the share for all of 2021 and more than 20 times the share for 2020. Singapore is on track to reduce land-based transport emissions by 80% from their 2016 peak by mid-century.
Singapore plans to increase the share of public transport in daily trips for the general public from 64% to 75%. It has also announced several measures to boost electric vehicle sales, including financial incentives for prices and expanded charging infrastructure. The goal is to equip all 2,000 public housing parking lots with electric vehicle charging posts by 2025 and to build a charging network of 60,000 posts island-wide by 2030. Singapore's new energy market is poised for great promise in the coming years.
e-Future's expansion and presence in Singapore is a decision made by management based on market conditions. It is a strategic move to adjust the market strategy promptly according to the differences in the global market and to give full play to the top management's forward-looking market expansion ability, strategic leadership thinking and action power. Under the epidemic, most companies are trapped in difficult and painful business situations. e-Future, under the leadership of its Chairman, has always maintained a keen business sense to explore market opportunities and rise to the occasion. Just like the corporate vision of our Singapore partner (client: U): Making Unbelievable Happen. We also work with more global partners in this market expansion and enterprising spirit to create more infinite possibilities and sustainable growth value for our international user partners.
