Overseas Investment Flooding into China's New Energy Vehicle Market

Synopsis: a host of proposals for cleaning driving are being facilitated in China, which give impetus to China developing as the leader of global electric vehicle technology.

As China boasts a series of unswerving government policies for new energy vehicle promotion, it is much more likely that China will become the leading electric vehicle technology R & D center around the world with the largest sales market. Furthermore, markets that are heavily dependent on the European and American electric vehicle exports will be broken.

China Likely to be High-end Electric Vehicle Technology R & D Center
It is universally acknowledged that overseas auto manufacturers, for a long time, have been making business in China in the form of joint venture so as to meet Chinas explosive demand for cars. Currently, they are managing to develop new products to cope with the emerging demand especially when Chinas new energy vehicle sector is heating up. A host of proposals for cleaning driving are being facilitated in China, which give impetus to China developing as the leader of global electric vehicle technology. Chinese sales of ‘new energy vehicles jumped 53% last year to 507,000 units, fueled by government incentives. Predicted by the industry insiders, the electric vehicle technology is bound to an integral part of auto industry in the near future.

How Giant Automakers Show Confidence to Chinas New Energy Vehicle Market
Owing to the staunch support both financially and technically on new energy vehicles, the auto manufacturers are motivated to tap into China and expand their business towards a more effective and cleaning development trend. For instance, National Development and Reform Commission and Ministry of Industry and Information Technology of PRC had issued related new policies targeted at new energy vehicles, which are ‘Carbon Quota and ‘Double Integrating systems. In the long run, these policies somehow urge the auto manufacturers to address the issues on technology upgrade and market promotion.

Herbert Diess, the Director of Volkswagen showed their great confidence to China being the leading market of electric vehicle technology sector. He is much informed about the development trend of Chinas new energy industry as well as the government support attitudes. He denoted that Volkswagen will invest a large amount of electric vehicle technologies in China in order to gain a foothold in this market.

Hubertus Trosk, head of Daimler AG China told that they were planning to roll out the local electric automobile strategies in China, so to speak, to manufacture electric vehicles in China. While the R & D team in China of Mercedes-Benz in latest three years have tripled with more than 700 staffs, according to the report. The CEO of Daimler, Dieter Zetsche pointed out that Chinas R & D team is capable of developing the whole set of car. And the development task of electric vehicles will be arranged for the research and development center in China.

GKN, a global engineering group that make essential components for industries that touch lives across the globe, declaimed on Monday that China will becomes the largest electric drive system manufacturing center in the world since from 2018. As of 2025, GKN is expected to produce about 1 million set of ‘eDrive system processing units in China.

Featured Product

HPS EnduraCoilTM Cast Resin Medium Voltage Transformer

HPS EnduraCoilTM Cast Resin Medium Voltage Transformer

HPS EnduraCoil is a high-performance cast resin transformer designed for many demanding and diverse applications while minimizing both installation and maintenance costs. Coils are formed with mineral-filled epoxy, reinforced with fiberglass and cast to provide complete void-free resin impregnation throughout the entire insulation system. HPS EnduraCoil complies with the new NRCan 2019 and DOE 2016 efficiency regulations and is approved by both UL and CSA standards. It is also seismic qualified per IBC 2012/ASCE 7-10/CBC 2013. Cast resin transformers are self-extinguishing in the unlikely event of fire, environmentally friendly and offer greater resistance to short circuits. HPS also offers wide range of accessories for transformer protection and monitoring requirements.