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.


Canadian CPI

Inflation data is the most important indicator that affects the central bank’s monetary policy.

British inflation edges up 2.4%

In June, inflation in Great Britain tacked on at a slower than anticipated tempo, thus contributing to the major bank’s dilemma as it considers whether to have interest rates lifted next month or not…


Asian shares tumble with Japan markets shut

On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…

Greenback surges as yields soar

On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…

Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera