By 2020 China could manufacture almost half of new electric car models

By 2020 China could manufacture almost half of new electric car models

By 2020 Chinese car makers are on track to manufacture up to 49 of the 103 fresh electric car models, as part of the Asian country’s push to accelerate the switch to battery power from crude, as a new forecast states published on Wednesday.

American consulting firm AlixPartners told that by 2021 China will do its best to boast almost two-thirds of the world's manufacturing capacity for lithium-ion batteries, and it’s already investing to back current sales of domestic-brand electric cars in the world's largest vehicle market.

Chinese car makers currently report 96% of the electric cars sold in the country. They managed to sell up to 350,000 electric cars vehicles last year in China, which is still less than 2% of total vehicle sales.

By 2025, in terms of production costs electric auto batteries might be close to nearly outperform internal combustion engines. Lower battery costs are expected to underpin consumer acceptance.

Similar

British mortgage approval rate goes down

In October, the overall number of mortgages approved by the British Banker’s Association went down to a 13-month minimum, as industry data disclosed on Friday…

Popular

Japan real wages surge is slowest in almost two years

Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…

promotions you can be interested in

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later