Wednesday, October 22, 2008

The Future of the Electric Car in China

by Lou Schwartz, China Strategies
Pennsylvania, United States

A recent New York Times article reporting that a Warren Buffett controlled company will pay 1.8 billion Hong Kong dollars for a 9.89% share of BYD Automotive, the Chinese battery and car manufacturer that plans to sell electric-powered cars in the United States, puts a spotlights on electric vehicles (EVs) and infrastructure in China.

Though attention is now focused on BYD Automotive, there are several other Chinese car companies that are also developing EVs as a result of the technical, legal and physical infrastructure to support alternative fuel vehicles that is currently being put in place. Though there are only a relative few EVs on the streets of a few large cities, the Chinese EV is gaining traction in terms of research and development. In addition to BYD Automotive, the following companies have a gained a foothold in the Chinese electric car industry: the Wanxiang Group, Wuhan Dongfeng, Tianjin Qingquan and Anhui Qirui.

1 comment:

Anonymous said...

Chinese are driving the capitalist markets and innovations like this biology search engine VADLO. Its powerful search function and Cartoons are the measure of chinese ingenuity.