Toyota to electrify C-HR hatchback for Chinese market
In an announcement made at the 2018 Beijing Auto Show last week, Japanese automaker Toyota said that it will be launching its third electric car for the Chinese market. Instead of developing new electric vehicles, many automobile companies are also considering making changes to existing vehicles to make them electric. The strategy can help in cost-cutting for development of electric vehicles and also offers marketing benefits as the existing vehicles already have a consumer base.
Toyota already offers the plug-in Corolla and Levin sedans in China. With plug-in models accounting for 40 percent of the automaker’s sales in the country in 2017, it is apparent that Chinese customers are keen on having a wide range of choices in terms of electric vehicle models.
Against the backdrop of the announcement made by Toyota about a new China-centric electric car, British car magazine AutoCar has revealed in a recent report that the automaker’s third electric vehicle for China will be an electrified version of its C-HR hatchback.
However, since no information about the C-HR electric car for Chinese market has officially been shared by Toyota, the details about the power of the vehicle and its battery range are not known as of now.
The C-HR electric car to be launched by Toyota for China will basically compete with the Honda Everus electric car which is based on the HR-V. Honda also unveiled its Everus electric at the Beijing Auto Show, and has announced that the vehicle will go on sale by the end of 2018.
New plans related to production of Model 3 have surprised parts makers. The automotive company has planned to launch its Model 3 by 2018, which is two years prior to what earlier was decided.
German automaker Volkswagen has revealed in a recent announcement that it is investing $100 million in solid-state battery startup QuantumScape, a startup that recently spun out of Stanford.
According to a recent announcement by Volkswagen, the automaker’s Foshan Plant ‘mega-factory’ in China is being expanded in order to increase its capacity to produce electric vehicles (EVs).
Chinese electric vehicle (EV) manufacturer Kandi has recently marked its official foray into the US market, with the launch of two new EVs --- the EX3 all-electric SUV, and the K22 subcompact electric car.
Tesla Motors has sent invitations for unveiling of electric semi-truck on November 16. The event was earlier planned in October but the company had to push it to November 16 due to production bottlenecks.
Chinese government offers subsidies for electric vehicle buyers and also uses tough regulations to press people to buy electric vehicles.