China builds bridges to U.S. EV market

Chinese automotive companies have long aspired to build vehicles for the U.S. electric vehicle (EV) market, without much progress. However, recent developments indicate that Made in China could be stamped on cars stateside before long.

Chinese automakers Geely, BYD, and Wanxiang have all made investments in establishing or partnering with U.S. entities with the goal of opening China's formidable manufacturing resources to America. Geely, which has been the slowest among the three to approach the U.S. market, purchased Emerald Technologies in February. The company, a start-up developing electric vans and taxis, has offices in the United Kingdom and Missouri. It will receive up to $200 million during the next five years from Geely to grow its business.

Geely is no stranger to EVs, having launched a successful EV carsharing joint venture in China with Kandi Technologies Group. The Emerald acquisition gives the company access to new technology outside of the consumer passenger vehicle market, which is a common strategy for Chinese companies that do not want to take on Detroit, Japan, and South Korea head-on in the United States – yet. If Chinese-built taxis, vans, and trucks can pass all of the required safety tests and prove their reliability in the coming years, then American consumers might become more comfortable in considering them. Geely purchased Volvo in 2010 and has been expanding globally during the past few years, including setting up shop in several countries in Eastern Europe and South America.

California Dreaming

BYD was the first Chinese automaker to target the U.S. market and had announced its intention to sell EVs when it established a presence in California back in 2010. But the company has yet to deliver passenger vehicles. The latest target date for EVs in the United States from Warren Buffett-backed BYD is late 2015. Until then, the company is focused on selling electric buses using its battery packs in China, California, Canada, and Spain.

Wanxiang has been the biggest spender from China on U.S. EV assets: the company picked up the bankrupt pieces of battery maker A123 Systems and of Fisker Automotive for pennies on the dollar. Wanxiang recently said it would resume production of the aborted Fisker Karma (perhaps both as a gas car and plug-in electric vehicle) by the end of 2015, as well as complete the development of the Atlantic, the second EV promised by defunct Fisker. It would not be surprising to see more acquisitions of EV-related technology firms from Wanxiang in the United States in the future.

The U.S. EV market has taken three years to grow to just under 100,000 vehicles, but according to Navigant Research's Electric Vehicle Market Forecast report, over the next three years it will more than double – reaching volumes that merit Chinese firms establishing North American assembly and manufacturing plants. Chinese companies will continue to learn more about optimizing EV production at home once a domestic market begins to mature in China, and this will lead to greater efforts to tighten the bond between the two countries' EV industries.

0

想看更多 不感兴趣
重复、旧闻
内容质量差
确定
未来自由出行什么样?北京现代前沿技术登陆上海车展
35岁的彭于晏和90岁的沃尔沃的初心
从奇瑞之夜开始,“明日奇瑞”已见雏形
创新发展 笃实践行 看一汽的悦享智能网联汽车生活
上海车展“氢”科技,福田欧辉8.5氢燃料电池客车亮相
华泰全新纯电动汽车曝光或第二季度上市 续航达180km
祸不单行 特斯拉因停车制动器问题召回5.3万辆电动汽车
美国新能源汽车补贴政策的启示
松下中国新任总裁瞄准新能源汽车市场 将深化本土化战略
中国新能源汽车流通模式面临重大变革
一心为了中国 保时捷欲增电动车产品线
福特:消费者最早2025年可以买到自动驾驶汽车
新能源车挤爆上海车展 专家:今年销量将达75万辆
丰田Mirai氢燃料电池车在华登陆
日本科研人员用高氯酸钠研制大容量蓄电池取得进展
供给侧改革,新疆将造1.2万台新能源汽车
主动安全评价纳入碰撞评分体系,2018版C-NCAP管理规则发布
特斯拉因电子驻车制动器问题召回5.3万辆电动车 股价午盘短线跳水逾1%
丰田宣布计划建造一批重型氢动力卡车
传戴姆勒正与滴滴出行洽谈合作事宜
下一篇

[2014中国年度绿色汽车]专家评委 吴志新

绿色汽车,评选,吴志新



第三方登录
纯净阅读
意见反馈

反馈和建议 在线回复

第一电动网
Hello world!