Volvo announces plans to export China-made electric car
- Author: Rita Burton Apr 20, 2017,
Apr 20, 2017, 9:14
At the Shanghai show, the industry's biggest marketing event this year, nearly every global and Chinese brand plans to display at least an electric concept auto, if not a model ready for sale, alongside its latest SUVs and sedans.
Sales were boosted previous year by the government's temporary halving of a 10-percent purchase tax on small-engine cars in late 2015.
"It's hard for someone with an EV to come and take away market share from SUVs", stated Ben Cavender of China Market Research Group.
China's automotive market remains the most important in the world for manufacturers, with sales jumping 14.9 percent to 24.38 million passenger cars previous year, well beyond the 17.55 million bought by United States drivers.
He said Mercedes sales grew 37 percent in this year's first quarter. SUVs compromised 40 percent of sales, while sedan purchases dropped 4.9 percent.
Details of the plug-in electric drivetrain have not been released but MG says that it makes the E-motion capable of a sub four-second 0-62mph time, while having a range between charges of more than 310 miles. "The time is right for Ford to expand our electrified auto line-up and investments in China".
"We follow the same goal with all our products: to provide solutions for a cleaner, more energy-efficient world", said Tom Tan, President, BorgWarner China.
Local Internet giants like Baidu and Alibaba-invested provider also displayed smart driving, artificial intelligence and navigation technologies in the show.
Western and Japanese automakers alike are putting their electric vehicles under the spotlight to spark attention as the 17th Shanghai International Automobile Industry Exhibition opened Wednesday.More news: Oil falls after failed N. Korean missile test, US rig count gains
"There are only a few hundred thousand cars now, but it's growing and it's growing very quickly", said Johan Karlberg, a Shanghai-based partner with Roland Berger.
Regulators have jolted the industry with a proposal to require electrics to account for at least 8 percent of each brand's production by next year.
Volvo Cars has announced that it will build its first fully electric auto in China, as part of its larger commitment to sell a total of 1 million electrified cars - including fully electric cars and hybrids - by 2025.
Volvo's first electric auto will have a 100 kWh battery and be manufactured at its factory in Luqiao, China.
It also announced an all-new fully electric small SUV with an estimated range of more than 450km that it will bring to market within five years and will be sold in North America and Europe, as well as China.
Expect lots of crossovers to make their debuts at Auto China this year, including the Mini John Cooper Works Countryman SE Cooper All4, the high-performance version of the popular crossover from the German-owned British brand. The brand's pioneer electric vehicle will go on sale after a decade of the takeoff of their plug-in hybrid (PHEV) variant of the Superb hatchback.
Additionally, Dana's new Spicer Electrified™ e-axles for electric transit buses and city delivery vehicles feature a fully integrated motor and gear box and leverage the company's vast experience in chassis drivetrain applications.
The ix35 SUV will be sold in China in two versions later this year: one with a 1.4-liter gasoline turbo engine and the other a naturally aspirated 2.0-liter petrol mill, Hyundai said.