Chinese electric car exporters are starting to compete with global brands in their home markets.
Osamu Furukawa has driven lots of Japanese cars for his business converting classic gasoline-powered models to electric. But his favorite ride is an import: A battery-powered SUV fromBYD Auto is part of a wave of Chinese electric car exporters that are starting to compete with Western and Japanese brands in their home markets. They bring fast-developing technology and low prices that Tesla Inc.'s chief financial officer says “are scary.
“We are very confident the ES6 will compete in this premium SUV market,” NIO’s founder and CEO, William Li, said in an interview at the Shanghai auto show. Chinese brands are developing EVs to compete without subsidies as Beijing shifts the burden to the industry by requiring them to earn credits for selling electrics. Prices start as low as 100,000 yuan for a compact SUV with a 400-kilometer range on one charge.Chinese EV brands mix research and design centers in the United States and Europe with factories in China.
“It’s a very bleak scenario,” Tavares told German magazine Automobilwoche. “But it doesn’t have to go that way.” In Europe, Great Wall's Ora sells its 03 model starting at 140,000 yuan . Ora tries to stand out among dozens of fledgling brands by marketing its cars as being designed for women, their body sizes and daily needs.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Chinese scientists insert human brain gene into monkeysThe experiments could create a new kind of monkey — and a big ethical dilemma
Read more »
Chinese who reported on COVID to be released after 3 yearsChinese authorities are preparing to release a man who disappeared after publicizing videos of overcrowded hospitals and bodies during the COVID-19 outbreak, people familiar with his case say.
Read more »
Chinese tourists flock to gambling hub Macau for Labour Day holidayHundreds of thousands of mainland Chinese visitors have descended on the world's biggest gambling hub of Macau for the Labour Day holiday, packing tightly into its narrow cobblestone streets and placing bets in its glitzy casinos.
Read more »
Chinese who reported on COVID to be released after 3 yearsChinese authorities are preparing to release a man who disappeared three years ago after publicizing videos of overcrowded hospitals and bodies during the COVID-19 outbreak. That's according to his relative and another person familiar with his case. Fang Bin and other members of the public who were dubbed citizen journalists posted details of the pandemic in early 2020 on the internet and social media, embarrassing Chinese officials who faced criticism for failing to control the outbreak. According to the people who did not want to be identified for fear of government retribution, he is scheduled to be released Sunday. The Associated Press could not confirm the details with the authorities. The case is part of a crackdown on criticism of China’s early handling of the pandemic.
Read more »
Chinese citizen Fang Bin who reported on COVID-19 to be released after 3 yearsChinese authorities were preparing Sunday to release a man who disappeared three years ago after publicizing videos of overcrowded hospitals and bodies during the COVID-19 outbreak, a relative and another person familiar with his case said.
Read more »
Ding Liren becomes first Chinese world chess championChina has its first official world chess champion, as Grandmaster Ding Liren defeated Russian rival Ian Nepomniachtchi in a playoff Sunday after their 14-game title match in Astana, Kazakhstan ended in a 7-7 tie.
Read more »