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Is China Looking To Dominate The Electric Car Market?
Automakers such as Volkswagen, General Motors, Toyota to Volvo, Maserati, Porsche are looking to China to drive sales in the electric car segment.
China's electric-car market is already the world's biggest, with a government plan to introduce "new energy" vehicle quotas for automakers, the Chinese market could revolutionise the electric car market for automakers around the globe.
Automakers, including Volkswagen, General Motors and Toyota, set out proposals for electric-car production in China at the 2017 Auto Shanghai. Carmakers who don't set up manufacturing in China could find themselves shut out of it.
As self-driving technology and ride-hailing companies circle, change in strategy is not only part of the hunt for profit, but a matter of survival as well.
Companies such as Audi, who revealed the E-Tron Sportback concept, a likely Tesla Model X rival. Volkswagen too unveiled the Crozz concept, part of its post-Dieselgate brand building exercise.
Not just Audi and VW, General Motors, Toyota to Volvo, Maserati, Porsche are looking to China to drive sales in the electric car segment.
Showcasing or unveiling a new car in one auto expo or another is a mostly an ideal choice, but the Shanghai show's stress on zero-emissions points to an industry-wide change in focus.
Volvo has confirmed it will launch its first all-electric car in China in 2019, while Ford will market its first hybrid vehicle by early 2018 and is looking to 70 percent of product lineup for China will have electric options by 2025.
Chinese sales of "new energy" vehicles surged 53 percent in 2016 to 507,000 units, thanks to the Chinese government incentives.
Regulators have relaxed some laws to promote foreign companies to play a significant role in developing the Chinese industry.
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