Global automakers scramble to build China into an electric vehicle export center

Global automakers scramble to build China into an electric vehicle export center

Global automakers are looking to build China into a global export center, especially for electric vehicle export centers. Earlier, both China and the United States showed signs that trade disputes between the two sides for a year would soon be properly resolved.

Due to the trade war, Ford was previously forced to cancel the plan to export the Focus model from China to the United States. But Ford China product development director Tim Slatter told the Financial Times that the company is developing a global-oriented model in the eastern Chinese city of Hangzhou, which will be made in China.

Slatter said, “You will see Chinese design begin to move toward the West. Sino-US trade negotiations may create an environment that will allow us to more easily trade between China and other markets.”

BMW* Finance Officer PieterNota said: “From next year, BMW will produce an electric version of the X3 Sport utility vehicle in China, which will become our * model for large-scale export from China to other markets.”

Last year, Chinese automakers exported about 1 million vehicles (most of which were exported to developing markets such as Iran), up 16% from 2017. Overseas sales are a way for domestic automakers to resist the downturn in the Chinese market, and the downturn in the Chinese market has led to a serious overcapacity.

Due to the trade war, GAC has also suspended its plan to export its Chuanqi SUV to the United States. The company* recently said that it hopes to make Chuanqi a mainstream Russian brand within five years.

Executives in the automotive industry say that Chinese automakers are often more up-to-date and more productive than similar plants overseas. Exporting electric vehicles from China to other markets is relatively more plausible because the Chinese domestic market has formed an electric vehicle supply chain, especially for batteries.

BMW is cooperating with China’s battery manufacturer Ningde era, BMW CFONota said, “China is the global market for electric vehicles, which is why it makes sense to set up factories in China from a production perspective.” From 2022 onwards, foreign companies will no longer need to cooperate with local Chinese companies to produce electric vehicles, and will lift restrictions on foreign stocks of other vehicle manufacturers.

Regarding the production of Mini electric vehicles in China, BMW is cooperating with Great Wall Motor, one of China’s largest local automakers. BMW executives said that this is because Great Wall has more experience in producing low-priced cars. At the same time, the initial sales of a new car are generally very low, which makes the establishment of a special new factory more risky, so choose the Great Wall. Share production platforms.

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