Not exact matches
For companies that are able to succeed in China's
electric car market, there's generous support to be had from the
Chinese government and a large growing
market for
electric cars in the country.
Growth in SUV segments and new energy vehicles, especially
electric cars, can help the
Chinese car market expand 8 percent per year, Francois Provost, senior vice president and Asia - Pacific chairman at Renault, told CNBC on the sidelines of the show.
Chinese electric cars are not known for providing the best driving experience and battery life, so having a standard like Tesla could help encourage the domestic
market and drive up competition.
On that note, it also has some technologies in place to help aid it in its development of
electric cars, including those that are earmarked for the massive
Chinese market.
Volkswagen will keep expanding
Chinese operations and start selling battery - powered
cars in the biggest auto
market as the country rewards
electric - vehicle buyers to tackle air pollution.
Chinese car brand GAC Motors has revealed an SUV, hybrid crossover and
electric hatchback at the Detroit Motor Show alongside plans to enter the US
market by 2020.
But why do both, and why does FF exist if LeEco also plans to challenge Tesla with an
electric, autonomous
car in the U.S. and
Chinese markets?
LeEco, which calls itself an internet technology company, has managed to capture more mindspace that even fellow
Chinese smartphone maker Xiaomi with its differentiated
marketing strategy, product lineup and advanced technologies like its
electric sports
car.
The start - up, which is based in California but funded by
Chinese entrepreneurs, aimed for the stars and the high profile luxury
electric car market, currently dominated by Tesla.