#GuangzhouAutoShow
The Truth About China's Electric Vehicle Market
The recent Guangzhou Auto Show in China was a reflection of everything stereotypical about the Chinese car market: Chinese OEM clones of European vehicles, North American and European legacy platforms resurrected into new China-only models, wacky supercars from unknown Chinese OEMs, stretched European executive sedans, and weird electric vehicles.
The only major North American press headline from the show was bold: “ Five New Electric Cars from China, World’s Largest EV Market.” I never saw China as a leader in electric vehicles. However, green car publications like CleanTechnica have stated China is the world’s largest EV market for almost two years now.
What’s the real story behind China’s EV market? There’s both truth and lies in these headlines.
Auto Execs In Guangzhou: China Will Grow Further, But Slower
China’s car sales can’t go on forever growing at a 50 percent to sometimes 100 percent clip, auto execs agree at the Guangzhou auto show. All are convinced that the growth will continue next year at a more – what’s the buzzword?- sustainable rate.
The Guangzhou auto show opened today. In case you’ve never heard of Guangzhou, it is a city of around 10m (nobody knows for sure,) and the main manufacturing hub of the Pearl River delta. Formerly known as Canton. About 30 percent of China’s GDP is produced in the South. The opening of the show prompted some major announcements. Here are some of them:
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