
Beijing: This year's Shanghai auto show highlights competition in the global auto industry, and Chinese drivers want to buy electric cars as Beijing cancels subsidies to boost sales.
Communist leaders are shifting the burden to automakers, imposing mandatory sales targets on electrical appliances, adding financial pressure on them in a painful sales slump.
Pure Chinese procurement-
Electric and hybrid cars and SUVs soared 60% last year to one.
Global car sales totaled 3 million vehicles, accounting for half of global car sales. 1% to 23. 7 million.
Subsidies reached 50,000 yuan, attracting buyers of electrical appliances (RM30,686)
But that support was halved in January and ended next year.
Paul Gong, industry analyst at UBS, said: "The competition is becoming more and more fierce . "
Communist Party leaders have been promoting electronic products for 15 years, hoping to clear the smog.
Killing Chinese cities and gaining an early lead in this promising industry.
Global giants such as GM, Volkswagen and Nissan are developing models suitable for Chinese tastes.
They have money and technology, but local competitors have experience: brands including BYD and BAIC have been selling at low prices.
Electrical prices for ten years.
At the Shanghai auto show, which opened yesterday, automakers showed dozens of electric vehicles, from luxury SUVs to micro-electric vehicles.
A contract priced below $10,000 (RM41,145).
Their goal is to compete with gasoline.
Models that provide power in performance, cost and appearance.
By the end of next year, "It's hard for customers to decide against electric vehicles," said Herbert Deiss, CEO of Volkswagen ".
"These cars will provide spacious, space and fast charging," Diess said during a visit to Beijing in January . ".
At a time when demand in the US and Europe is flat or falling, carmakers are looking for China-their biggest global market-to drive revenue growth.
This encouraged them to cooperate with the electronics promotion activities in Beijing. —