The Chinese electric vehicle industry in Beijing is the top priority in the past years. It has faced some challenges of stabilizing the economy of china after some months of lockdown due to the increase in the coronavirus pandemic, what will be the fare for the (NEVs) New Energy Vehicles?
The US leading electric Vehicle giant Tesla said at the beginning of the week that it has scheduled for production in China of model 3 sedans at a capacity of 4,000 per week by mid of this year. The news released to emphasize the information it gave in January during the launching china made Model Y compact SUV, which is likely to be in the market in 2021.
Tesla had a deal with the Shanghai municipal government in the year 2018 to develop a factory worth 2 billion US dollars. The company will be the first for Tesla overseas at the Lingang, which is in the south of the City. The company constructed can produce more than half a million Electric vehicles, which first unveiling was in the year 2019. The lingang are in Shanghai has housed many dominant projects majority being the foreign company such as Siemens AG and General Electric which were incorporated to the free trade zone at shanghai during the last year summer.
Tesla is not the only electric vehicle manufacturers in China but more than 450 companies that manufacture electric vehicles in the whole of China. Some of the companies that develop electric cars come from China, such as SIAC, while other companies are private by Chinese citizens such as BYD, Geely, and NIO, which is a startup. Some of the foreigners who have invested in the New Electric Vehicle in the China market who have an established brand such as Volkswagen Ford general motors Audi and the Renault which has recently decided with his counterpart in ChinaChina to make a vehicle that uses battery.
There is a lot of demand by the companies to dominate the Chinese market. Some of the cities, such as Shenzhen, have changed their interest in the use of electric buses. Many taxis have gone green in China. China expects that 20 percent of the total sell of the Electric vehicle will be NEV by December 2025. To achieve the increase, it should sell 7 million cars yearly, in 2018, more than one million New electric Vehicle was already in the market, which was three times the number in the US.