JIAN YANG NIO is currently China's only domestic luxury EV brand. The marque's ES8 SUV is pictured.Photo credit: NIO Yang Jian is managing editor of Automotive News China. Other blogs Figuring that young domestic automakers can never beat global giants with traditional gasoline-engine technology, Beijing has bet on electric vehicles, which it believes provide domestic companies an opportunity to leapfrog rivals. Will the government’s wishes come true? Probably not. The future landscape of China’s EV market will more likely than not mirror the current vehicle market, with global brands dominating the upper and high end while domestic brands concentrate on the low end. It is true that domestic Chinese automakers have maintained robust EV sales growth. In the first seven months of the year, some 382,000 EVs were delivered in China, a surge of 82 percent from the same period last year. And nearly all of the volume was generated by local marques -- with BAIC, BYD, JAC, JMC, … [Read more...] about Why domestic automakers will not dominate China’s luxury EV market
It certainly doesn’t seem like a bed of roses for Tesla right now. A forecast released by PA Consulting Group, which is a company specialising in management consulting, technology and innovation, has revealed that the American automaker could lose its coveted top spot in the electric vehicle (EV) market real soon. Based on the findings, the firm said German carmakers such as Daimler, BMW, Volkswagen and even Volvo will pull ahead of Tesla by 2021. The consultancy takes into account each carmaker’s strategy, battery technology, culture, supplier networks, partnerships and financial performance into an overall score. For the time being, Tesla will remain at the top for 2019, but PA Consulting said by 2021, when rivals flood the market with more models and variations, Elon Musk’s company will fall to seventh place behind Toyota. By then, Daimler will take the lead, followed by BMW, the Renault-Nissan-Mitsubishi alliance and Volkswagen. Volkswagen I.D. Crozz (left), … [Read more...] about Tesla may lose top spot in EV market soon
You can forget the GM EV1 and the Toyota RAV4 EV. The car that truly attempted to bring electric cars into the mainstream was the 2011 Nissan Leaf. It didn’t. U.S. Leaf sales, never reaching any great heights, plunged after its fourth full model year, falling by more than half between 2014 and 2016. There’s a thoroughly updated second-gen Nissan Leaf on its way, destined to hit U.S. dealers early in 2018. But during the first-gen Leaf’s tenure, the Nissan was joined by a broad array of electric cars, from a handful of Teslas to the Chevrolet Bolt, Volkswagen e-Golf, Kia Soul EV, BMW i3, and Hyundai Ioniq, and all of these cars together have combined to quintuple U.S. electric vehicle market share over the last half-decade. Only 0.1 percent of the new vehicles sold in America in 2012 were pure EVs. That figure has risen, very slowly, to 0.5 percent through the first eight months of 2017 while the number of available nameplates has more than doubled. … [Read more...] about Headlines Talk Up Electric Cars Non-stop, but What’s America’s Actual EV Market Share?
BEIJING — Toyota is taking an unprecedented route to meet China's stringent green car quotas: its showrooms will sell an electric vehicle without the Japanese company's distinctive triple-oval logo. Instead, it will feature the label of GAC Motor, Toyota's Chinese partner, and will be built around GAC's lower-cost technology. The move — a first for Toyota — will give GAC access to the Japanese carmaker's stringent quality control, prestige and sales channel. For Toyota, it presents a quick way to meet Beijing's requirements that such vehicles represent 10 percent of an auto manufacturer's production by 2019. According to two company executives familiar with the matter, Toyota plans to start selling the GAC-Toyota ix4 by the end of the year. The car is a battery-powered compact SUV based on GAC's Trumpchi GS4, and has been in development for two years. Selling a car derived from a Chinese partner's vehicle would have been unthinkable just a few years ago. But the idea … [Read more...] about Toyota will roll into China’s EV market in a GAC Motor vehicle
BEIJING (Reuters) - Toyota Motor Corp (7203.T) is taking an unprecedented route to meet China’s stringent green car quotas: its showrooms will sell an electric vehicle without the Japanese company’s distinctive triple-oval logo. FILE PHOTO: A Toyota Motor Corp. logo is seen on a car at the International Auto Show in Mexico City, Mexico November 23, 2017. REUTERS/Henry Romero/File Photo Instead, it will feature the label of GAC Motor (601238.SS), Toyota’s Chinese partner, and will be built around GAC’s lower-cost technology. The move - a first for Toyota - will give GAC access to the Japanese carmaker’s stringent quality control, prestige and sales channel. For Toyota, it presents a quick way to meet Beijing’s requirements that such vehicles represent 10 percent of an auto manufacturer’s production by 2019. According to two company executives familiar with the matter, Toyota plans to start selling the GAC Toyota ix4 … [Read more...] about Exclusive: Toyota plans to roll into China’s EV market in GAC Motor…