Posts Tagged ‘EV sales in China’

China Extending Incentives for Electric Vehicles

Government pushing hard to increase number of EVs on roads.

by on Feb.15, 2018

Good news for Tesla and other EV makers in China as the government has extended incentives on electric vehicles.

The Chinese government appears to have extended the hefty incentives that helped ignite the rapid sales of electric vehicles in China, according to Bruce Belzowski, managing director of the automotive futures program at the University of Michigan Transportation Research Institute.

Belzowski said during a UMTRI-sponsored conference on “Marketing New Powertrain Technologies,” said the Chinese government is prepared to go great lengths to promote the development of electric vehicles.

Global News!

While the Chinese now build millions of internal combustion engines every year, the government has concluded that the global automakers Japan, the United States and Western Europe have a major edge built around 100 years of experience, he noted.   (more…)

BMW Talking with Great Wall about EV Deal in China

German maker works with Brilliance in China.

by on Oct.11, 2017

BMW is looking to expand its presence in China to build EVs, potentially with Great Wall Motors.

BMW is the latest automaker looking to make inroads quickly into the electric vehicle market in China through a deal with a local partner: Great Wall Motors.

Actually the deal will be BMW’s second partnership in the country as it’s already working with Brilliance China Holdings in Shenyang. The new venture will be based in Changshu, according to Reuters. The plant will produce electric vehicles exclusively.

Global Auto News!

“We are in discussions with Great Wall about setting up a joint venture to produce cars in Changshu,” said a BMW executive told Reuters. (more…)