Carmen Lyu, Business Manager at JumoreGlobal.com (2010-present)
China has everything and Will Take the Lead in Electric Vehicle Area
Electric vehicle has emerged in the auto industry these years as it is a typical case which takes advantages of new energy. UBS’s latest global auto survey predicts that “one in five cars sold by 2025 will be electric, and estimates will only grow higher over time”. The rise of electric vehicle could attribute to the emission control and gas prohibition to release the pressure environment. Moreover, Tesla’s success has also influenced other automakers to improve their technologies in electric vehicle area.
China is considered as the biggest auto market with huge potential in electric vehicle area. Chinese government emphasizes on the new energy development and ban conventional gasoline and diesel-powered cars, and the government promulgates policy to support the growth of electric vehicle area. According to statistics, “China made more than half of EV purchases in the third quarter in 2017”.
What’s more, according to World Energy Outlook 2017 from International Energy Agency (IEA), “China is forecast to capture more than 40 percent of the world EV market in 2040”, which means that China will take the lead in EV market in the future. A lot of experts have estimated that sales of global electric vehicle market will exceed 60 million per year after 2040. Undoubtedly, automakers in China will try their best to meet the requirement of EV sales. For example, Volvo Cars stated that it would not produce fossil fuel-powered vehicles by 2020; and Great Wall Motors expressed that it planned to cooperate with Germany’s BMW produce EVs.
In addition to Chinese automakers, the auto industry giants around the world hold an optimistic view on the prospects of the Chinese market, they would like to invest in China and find proper cooperation opportunities with Chinese auto enterprises.
William C. Ford Jr., executive chairman of Ford, said “China will be the best market to develop and sell electric vehicles.” Thus there’s no surprise that Ford would like to set up joint venture with Zotye Auto to produce and sell electric vehicles in China.
Another powerful auto enterprise, BYD, which is China’s largest electric vehicle maker, paid attention to the potential value of Chinese market and carried out a nearly $1 billion private fund to finance monorail systems in 20 Chinese cities, so that you could see numerous BYD electric buses in the street.
Volkswagen had recently announced that “it planned to bring 25 models of electric cars to the Chinese market between 2020 and 2025. And it will invest almost $12 billion in the effort with its joint venture partners”. It’s just a start that the industry giants expand their business in the Chinese EV market. They hope to witness the prosperity of this market, as well as their ample profits.
Not only the Chinese government and automakers focus on the electric vehicles, but also the strong enterprises abroad explore this market actively. China is predicted to be a bellwether in electrical vehicle area, thus more business opportunities could be found. Enterprises who catch the chances to broaden business may result in success as long as they make a proper plan and perform well in the market.
Julian Mintzis, Education and Business Professional.
Simple internet research would get to your answer. The below website lists China’s automobile manufacturers.
Some of the most common well known companies are Geely due to their ownership of Volvo and due to their investment in Mercedes, and BYD due to their sales of electric buses overseas.
China also has goals to develop the electric automobile market. There is a target date where all cars sold in China will be electric. This should change the world.
Automobiles is one of the industries required to have a joint venture partner in China. A common misconception is that all individuals and organizations require a joint venture or a local partner. All of them have started to ask their local partners about the development of the battery technology. In due time, these firms will sell their electric cars designed for the Chinese market, elsewhere!
In case text is not your thing, I would invite you to look at traffic jams in various cities around China. In almost every major city in China, especially during rush hour there are traffic jams.
Local governments have taken measures to limit the number of drivers on the road. The total number of license plates available per month or quarter can often times be taken within minutes.
It is estimated that China has around 200 million automobile owners.
Ian Summerfield, IT Manager
Your perception of China may be deluded. Ofcourse they have cars. It’s one of the richest faster growing countries in the world, probably about to knock America of number 1 spot and become the world’s economic leader – that’s in my opinion and a whole different debate!
But here’s the interesting thing. My Chinese wife told me there are no Japanese cars in China. This proved untrue but with some truth. When I went there first time about 5 years ago I saw Nissan, Toyota, etc. etc. and said “they’re Japanese”. In fact every other car was “Japanese”. She said not so, written in Chinese characters on the boot of each car is writing to say that it is made in China. China has a problem with Japan going back to WWII, they don’t like to support the Japanese economy. So in order to have Japanese cars they told the Japanese that they would have to be built in China in factories employing Chinese workers. And so every Japanese car is made in China.
There’s other interesting things I learnt. The BMW 5 series, also built in China but for economic reasons, is 5″ longer than European models. The extra space is in rear leg room. Why? I’m not sure.
China isn’t some third world country, far from it. Yes it still has some rural parts, but a lot of people living in provinces have gladly moved into the large cities having been given housing and money to do so.
It’s a wonderful place, with some of the world’s most spectacular scenery. Check it out on YouTube. Try Guilin, one of the most amazing places I’ve ever been.
And just to confirm that they have cars, surely you’ve seen the world’s largest traffic jam? If not, check out a search on “world’s largest traffic jam”.
If you mean, does China make cars, well yes, they do. Almost all car manufacturers have plants there. Do they make Chinese own brands? Well, not so much (there are some) but there are some very very interesting electric cars coming from there both now and in the not-so-distant future. Again, check out YouTube.
Final thing, all-be-it not politically correct, in China if you walk you’re a poor person, if you have a bicycle then you’re poor, if you have a scooter you’re probably just a factory worker, anyone who is anyone has a car! Sorry, but that’s what I get told by Chinese family! The car is a status symbol, big time. It might be easier to get around on a scooter but their attitude is that they’re now beyond that.
Their road driving isn’t quite the same as European standards! In Nanning I asked a taxi driver what the black and white marks on the road were for, it was a zebra crossing, but no-one knows it, not even pedestrians, just stupid “aliens” (their name for foreigners), like me, that think the cars might stop if I walk on it! How wrong! They also see a gap in a traffic queue and take it, doesn’t matter if it’s a bit you’re not meant to drive on, like a motorway hard shoulder! In fact we even overtook things using that lane…scary!
It’s a great country to visit, make sure it’s many attractions are on your bucket list. And honestly, the question is as daft as asking “does America have cars”, or “does Europe have cars”. Of course here in the UK we don’t have any, we’re just a poor neglected cousin of America :-p
Tanuj B, works at Hexa Research
Qualities such as high resistance to weathering, versatility in applications, and superior quality of designs make these composites the trendiest forms of automobile design materials. Strict governmental regulations regarding vehicular emissions are driving automotive companies to shift their preference from metals like steel or aluminum to lightweight plastics.
The need for emission control & weight reduction, high demand for automotives, and improved vehicle designs can propel the market. The automotive market for a while now, has been witnessing an escalating trend towards vehicular weight reduction for enhanced fuel efficiency. Demand for plastics is on the rise since these ensure considerable weight reduction. Moreover, regulations, such as the “Corporate Average Fuel Economy” (CAFé) by the U. S. government and the European EC legislation focus on fuel efficiency. The implementation of such standards may positively affect the global market.
A 10 percent reduction in vehicular weight results in over 5 to 7 percent fuel savings. This also leads to lower CO2 emission levels over the lifespan of vehicles. Their overall performance in terms of handling and acceleration also improves significantly. Weight reduction at unbalanced points leads to lower vibration & noise. This in turn ensures a smoother ride.
Brandy Almodo, lives in Shanghai (2016-present)
The automobile industry in China has been growing very strong, as it is one of the few countries where the market for new vehicles is still growing.
Now if you are talking about cars in general, it is estimated there will still be 31 millions new registrations in 2020, when the market cools down. That is still more than half the population of major economies.
But if you are talking about chinese brands, there are quite a few, though I don’t know them that well. The most famous would be BYD.
The automobile industry in China is currently in the midst of the same revolution as the rest of the world: from smart cars to developping hybrid or electric cars to fight pollution.
The chinese market will probably be the one that keeps sustaining many Occidental companies when their own market start failing.
Marcelo Garcia, former mechanic and avid engines fan
China is a Monster. China can have the worst or the best on anything you want… it depends of your budget.
There is one brand I know for fact: FAW. Chinese made. Ive been in those little cars. I drove one in Mexico. They are budget oriented and get what you pay for. In general they are not that bad when we are talking about inexpensive cars.
VW Assembles cars (Passats among other models) in China.
China is a very modern country.
Don′t get the wrong impression like almost everyone has about China, Mexico, India, Cuba… those countries have lots to offer.
China, infrastructure. They bought almost all Mexican Steel production at one point for construction.
Mexico… no, we don’t ride horses. I have A jag, an Audi, a BMW and to BWM bikes. Mexico is one of the top aircraft parts manufacturer in the planet. Was some of the richest people of the world. Everyone has a car. You can buy a cheap FAW… or a Ferrari.
India… they move on motorcycles, they have one of the most powerful armies and nuclear power.
Cuba… everyone has gone to college. They have the best medical service in the world.
Manipulated information can mislead.
Jim Garner, Youth Director
Wow, again trying to educate one idiot at a time. Of course China has cars. In fact if not now, it soon will be the largest car market in the world. Most if not all car manufacturers sell more cars in China than anywhere else, this includes GM, Ford, Volkswagen , etc. China is leading the new technology market, electric cars, self driving cars, etc. All of this market potential has the International Car Show held bi-annually in Shanghai the largest car show in the world (# of exhibitors and attendees). For the ill informed, on a grander scale expect China to be the leading country in the world in terms of GNP as the country and its leadership continues to maximizes is resources with the impact of an ever increasing educated and skilled population (and wealth) from its 1.4 billion citizens .
The automotive industry in China has been the largest in the world measured by automobile unit production since 2008.Since 2009, annual production of automobiles in China exceeds that of the European Union or that of the United States and Japan combined.
China remains the world’s largest automotive manufacturing country and automotive market since 2009. In 2016, annual vehicle production in China accounted for nearly 30 percent of worldwide vehicle production, which exceeds that of the European Union or that of the United States and Japan combined.
Justin Ward, Worked in the media in China for more than 5 years. Currently an English copy-editor for China Social Scien…
A lot of people are being snarky here, but I think what OP means to say is “Does China have domestic car brands?” The answer is obviously yes.
Guangdong is a big auto manufacturing region. It’s home to GAC and there are a number of other brands, including Hongqi (Red Flag), which was China’s first domestic luxury brand. Hongqi has recently been revived. BYD, an electric car company, made waves a few years back when it got support from mega-investor Warren Buffett.
Chinese companies not only make domestic cars, Geely outright owns a major foreign car brand: like Volvo. Also a number of them partner with foreign manufacturers to make cars for the domestic market and to export to China’s neighbors to conform to China’s localization regulations.