Chinese OEMs face foreign EV competition
The electric vehicle market in the People’s Republic is booming. So far, only domestic carmakers have been serving the Chinese market, but foreign manufacturers are ready to unleash an electric counter offensive – as demonstrated by the multitude of new models they are bringing to the Shanghai motor show, which starts in a week from today.
Mercedes-Benz, Volkswagen Group, Ford and GM all have announced they will be selling battery-electric and plug-in hybrid vehicles in China. Not necessarily out of free will, by the way: Beijing is imposing e strict CO2 cap as from 2018, meaning that 8 percent of a carmaker’s sales has to be electric or plug-in. Last year, EVs represented just 1.8 percent of the Chinese new car market (source: Reuters), but the curve is climbing steeply.
Picture copyright: Skoda, 2017
| 12/04/2017 | Dieter Quartier