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The annual sales volume of Alternative fuel vehicle in China will reach 6 million in 2025

Release Date:2017-09-21 Page View:590

Against the backdrop of the Chinese government actively advocating for the new energy vehicle industry, the Chinese electric vehicle market has become the biggest target for global car companies. On the 29th, Renault Nissan announced a joint venture with China Dongfeng Motor Group to produce electric vehicles. In addition, several foreign car companies such as Daimler, General Motors, Ford, and Tesla are also actively entering the Chinese electric vehicle market.

According to a media report, the Renault Nissan alliance announced on the 29th that it is forming a new joint venture with its partner, China Dongfeng Motor Group, known as eGT, to design and produce new electric vehicles with intelligent networking capabilities in China. Production is expected to begin in 2019, with an annual production scale of 120000 vehicles.

Before Renault Nissan, several European and American car companies had signed cooperation agreements with China. In April this year, Daimler announced a partnership with BAIC to produce Mercedes Benz electric vehicles locally in China. In July, GM announced that it would launch a Battery electric vehicle in China in the next two years. Last week, Ford announced that it had signed an agreement with Zotye Auto to establish a joint venture in China to produce electric vehicles. With Tesla, which has been planning to build factories and produce in China, it can be said that China, the world's largest automotive market, is becoming the main battlefield for future competition in electric vehicles.

According to the Japanese media, the Chinese government requires to promote the local production of Battery electric vehicle in China from 2018. Against this background, vehicle enterprises in various countries have turned to the R&D and production of electric vehicles. Compared to German and American car companies, Japanese car companies have fallen behind. In December 2016, Toyota urgently established a pure electric vehicle business unit and launched the first test vehicle for pure electric vehicles three months later. Previously, Toyota had been committed to developing hybrid vehicles, but because China turned to Battery electric vehicle, Toyota had to change its technical direction.

A report by a Japanese media suggests that the rapid development of the electric vehicle industry in emerging countries such as China has stimulated Japanese car companies such as Toyota to seek technological transformation. This may become a 'domino' driving historic innovation in the automotive industry. According to Ford Motor's forecast, the annual sales of new energy vehicles in China will reach 6 million by 2025, which will also drive more car companies to embrace electric vehicles and stimulate the automotive industry with over a century of history to undergo "astonishing changes".