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.
German automaker BMW has recently revealed that the total number of company’s i3 electric cars sold in the UK has touched ‘10,000 units’ milestone.
According to an Automotive News report, German automaker BMW plans to discontinue its i3 all-electric compact car and i8 plug-in hybrid sports car ahead of introducing its next-generation electric vehicles (EVs).
According to a Reuters report, Germany’s new Finance Minister Olaf Scholz said in a recent interview with the Funke Mediengruppe newspaper chain that all possible measures should be taken by the country to avoid the imposition of ban on diesel car
According to a recently published Reuters report, German automaker BMW -- which sold more than 100,000 battery-electric and plug-in hybrid cars in 2017 -- does not plan to commence mass production of electric cars before 2020.
German automaker BMW has recently announced that it will be presenting a series of new all-electric vehicles this year. The announcement was made by BMW’s CEO Harald Krüger at the company’s recently-held Annual Accounts Press Conference 2018.
Electric vehicle manufacturer Tesla Motors has issued a voluntary recall of 123,000 units of its Model S electric cars, owing to a defect in a power steering bolt.