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在线翻译:
szdaily -> Business -> 
Auto show highlights industry’s electric ambitions
    2018-04-24  08:53    Shenzhen Daily

THE biggest global auto show of the year will showcase China’s ambitions to become a leader in electric cars and the industry’s multibillion-dollar scramble to roll out models that appeal to price-conscious Chinese drivers.

Auto China 2018, which will open tomorrow, follows the government’s decision to allow full foreign ownership of Chinese automakers in a move to make the industry more flexible as it promotes electric vehicles (EVs).

The government has transformed the country into the biggest market for EVs with billions of dollars in subsidies to producers and buyers. Now, China is winding down that support and shifting the financial burden to automakers with sales quotas that push them to develop models Chinese drivers want to buy.

That is reflected in the auto show lineup: Global and Chinese brands including General Motors (GM), Volkswagen and Nissan Motor plan to display dozens of electrics and hybrids, from luxurious SUVs to compacts priced as low as 152,000 yuan (US$24,000).

“Just in the last two or three years, China rose from being a very small player in the global EV market to be nearly 50 percent of sales in 2017,” said Christopher Robinson, who follows the industry for Lux Research. “It attracted nearly every automaker in the world,” said Robinson.

Starting in 2019, automakers will be required to earn credits by selling electrics or else buy them from competitors in China.

Global automakers say electrics should account for 35 to over 50 percent of their China sales by 2025.

Chinese sales of electrics and gasoline-electric hybrids rose 154 percent in the first quarter of the year over a year earlier to 143,000 units, according to the China Association of Automobile Manufacturers. That compares with sales of just under 200,000 for all of last year in the United States, the No. 2 market.

During the auto show, GM will display five all-electric vehicles including a concept Buick SUV it says can travel 600 kilometers on one charge, plus a hybrid Cadillac XT5 28E.

The Detroit automaker, which vies with VW for the status of China’s biggest brand, is launching 10 electrics or hybrids in China from in 2016 to 2020.

VW is due to launch 15 electrics and hybrids in the next two to three years as part of a 10 billion euro (US$12 billion) development plan announced in November.

Nissan is unveiling an electric model at the auto show designed for China and will display an updated version of its Leaf and an electric concept car.

The Japanese automaker also plans to develop a lower-priced electric with a local partner, State-owned Dongfeng Motor Co. Two more versions of that are to be sold under their jointly owned Venucia brand.

BYD Auto, the biggest global maker of electrics by volume with 2017 sales of 113,669 units, plans to unveil two new hybrid SUVs and an electric concept car. The company also plans to display nine other hybrid and plug-in electric models.(SD-Agencies)

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