EVs set to dominate Auto China 2018 event this week
The forthcoming Auto China 2018 event in Beijing this week will unfold an important platform for China to showcase its ambitions to become an electric-vehicle (EV) market leader, along with giving EV manufacturers an opportunity to unveil their newest offering for Chinese customers.
The upcoming auto show will be one of biggest global auto shows of the year. The event is preceded by a recent decision by Chinese authorities to promote the use of EVs and increase flexibility in the industry by allowing full foreign ownership of Chinese automakers.
With China already offering billions of dollars in subsidies to EV manufacturers and buyers, the financial burden of bringing EVs to the market is now being shifted on to the automakers with sales quotas that push them to develop EV models which are appealing for Chinese buyers.
The move will evidently put focus on EVs at the forthcoming auto show, as is evident from the fact that a wide range of EVs will be showcased at the event. Chinese automakers as well as global automobile brands like General Motors Co., Nissan Motor Co., and Volkswagen AG will display affordably-priced compact EVs, along with several other electric cars, hybrids, and luxurious SUVs at the show.
With global automakers hopeful that EVs will represent 35-50 % of the China sales by 2025, Roland Krueger, Chairman of Nissan's luxury brand Infiniti Motor Co. said that there is a “huge potential for vehicle electrification” in China.
In a recent announcement, BYD has revealed that it has opened its new 24 GWh electric-vehicle battery factory this week. The factory is located in the Qinghai province in Western China.
In a recent announcement, New York-based startup Bollinger Motors revealed that it has efforts underway to bring its B1 all-electric utility truck to production. The startup announced that it has partnered with engineering firm Optimal, Inc.
With Germany targeting a figure of 1 million electric vehicles (EVs) cars on its roads by the year 2020, Munich-based EV start-up Sono Motors has efforts underway to launch its solar-powered electric car ‘Sion’ in 2019.
At the Monterey Car Week industry event held at Pebble Beach in California, German automaker Mercedes-Benz has unveiled a new, one-seater all-electric race car prototype --- the ‘Vision EQ Silver Arrow.’
At the 2018 Busan International Motor Show in Korea, Kia Motors is set to unveil the production version of its new all-electric vehicle, the Niro CUV. The South Korean automaker had revealed the all-electric Niro concept earlier in 2018.
According to a Reuters report, Japanese electronics giant Panasonic is seeking new buyers, other than Tesla Motors, for the solar cells which it is producing at the Tesla’s Gigafactory 2 in Buffalo, New York.