By on February 20, 2020

It could be argued that a large portion of the Chinese economy has been propped up by government programs, with electric vehicles making one of the best examples. With a vested interest in battery technology, China did everything it could to encourage industry players to focus on EVs while subsidizing their purchase by consumers. The end result was a country with the highest number of alternative-energy vehicles in the world — and more automotive automotive startups than it knew what to do with.

While the plan was always to force accelerated competition by getting new manufacturing firms to duke it out for supremacy, EV sales were also supposed to remain sky high. Yet they didn’t. China’s auto market began running out of steam far earlier than everyone assumed. When the country nixed electric-vehicle subsidies over the summer, the segment went into a tailspin, with every successive month returning negative growth.

China would like to see things turn around, so it’s mulling the prospect of reintroducing incentives to get EVs into more driveways.  (Read More…)

By on July 19, 2018

LeSee LeEco Jia Yueting

We’ve mentioned Chinese startups working on electric vehicles in the past. You’ve got the American-based (but Chinese-owned) Faraday Future that couldn’t pay its bills, its big brother LeSEE (which is facing similar troubles), the performance-focused NIO, the luxury-minded Byton, the German-named Weltmeister, and a handful of others making ink every so often.

While EV startups from other countries (Tesla, Rimac, etc.) garner their own headlines, it’s more common to see a Chinese startup angling for media exposure as of late.

Of course, established automakers are busy setting up their own electric divisions to fulfill the nearly absent Western consumer demand for EVs. They’re gambling on a future where electrification replaces internal combustion, but nobody is betting more on “green” than China. As of today, it’s estimated that the country has 487 electric car companies, and the nation feels this still isn’t enough. Holy shit.  (Read More…)

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