PETALING JAYA: Ace Market-listed Genetec Technology Bhd
is expected to reap the benefits of the growing electric vehicle (EV) space, as countries worldwide continue to ramp-up production of such vehicles.
Citing the Global EV Outlook 2021 that was published by the International Energy Agency in April, CGS-CIMB said the global electric car stock reached 10.2 million in 2020, which was a 43% year-on-year (y-o-y) growth.
“In 2020, China had the largest electric car fleet with 4.5 million units, followed by Europe with 3.2 million, ” the research house said in a report.
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