China Will Lead an Electric Car Future, Ford’s Chairman Says
- 6 years ago
China Will Lead an Electric Car Future, Ford’s Chairman Says
Meanwhile, Beijing has mandated that automakers must start selling large numbers of electric cars
and plug-in hybrid cars or risk losing their right to sell gasoline-powered cars in China, now the world’s largest auto market.
The Ford Motor Company said on Tuesday that it planned to introduce 15 battery
electric or plug-in gasoline-electric hybrid car models in China by 2025.
Volkswagen has said that together with its Chinese partners it would invest almost $12 billion
to introduce 25 models of electric cars in the Chinese market between 2020 and 2025.
SHANGHAI — The world’s automakers are just starting to bet on an electric car future —
and already, one of the most powerful people in the industry says that future belongs to China.
General Motors, Volkswagen, Daimler and other automakers have put big bets on the market for electric cars in China in recent months.
Meanwhile, Beijing has mandated that automakers must start selling large numbers of electric cars
and plug-in hybrid cars or risk losing their right to sell gasoline-powered cars in China, now the world’s largest auto market.
The Ford Motor Company said on Tuesday that it planned to introduce 15 battery
electric or plug-in gasoline-electric hybrid car models in China by 2025.
Volkswagen has said that together with its Chinese partners it would invest almost $12 billion
to introduce 25 models of electric cars in the Chinese market between 2020 and 2025.
SHANGHAI — The world’s automakers are just starting to bet on an electric car future —
and already, one of the most powerful people in the industry says that future belongs to China.
General Motors, Volkswagen, Daimler and other automakers have put big bets on the market for electric cars in China in recent months.