logo
  • Home
  • National
  • Sylhet
    • Moulvibazar
    • Sunamganj
    • Habiganj
  • NRB News
  • UK News
  • International
  • Sports
  • Tourism
  • Entertainment
  • Business
    • Technology
    • Featured
    • Opinion
    • Health
    • Life Style
    • Photo Gallery
    • Sylhet Mirror Team
  • Home
  • National
  • International
  • UK News
  • NRB News
  • Sylhet
  • Sunamganj
  • Moulvibazar
  • Habiganj
  • Business
  • Featured
  • Health
  • Life Style
  • Opinion
  • Entertainment
  • Photo Gallery
  • Sports
  • SUST
  • Technology
  • Tourism
  • Sylhet Mirror Team
  • Contact us
  1. Home
  2. Business
  3. China’s auto show highlights electric ambitions

China’s auto show highlights electric ambitions


Published: 14 April 2019, 2:57:58

China's auto show highlights electric ambitions

This year’s Shanghai auto show highlights the global industry’s race to make electric cars Chinese drivers want to buy as Beijing winds down subsidies that promoted sales.
Communist leaders are shifting the burden to automakers by imposing mandatory sales targets for electrics, adding to financial pressure on them amid a painful sales slump. Chinese purchases of pure-electric and hybrid sedans and SUVs soared 60% last year to 1.3 million — half the global total — but overall auto sales shrank 4.1% to 23.7 million.Buyers of electrics were lured with subsidies of up to 50,000 yuan ($7,400) per car, but that support was cut by half in January and ends next year.

“Competition is getting more fierce,” said industry analyst Paul Gong of UBS.

Communist leaders have been promoting electrics for 15 years in hopes of cleaning smog-choked Chinese cities and gaining an early lead in a promising industry.

General Motors, Volkswagen, Nissan and other global majors are developing models to suit Chinese tastes. They have money and technology, but local rivals have experience: brands including BYD Auto and BAIC Group have been selling low-priced electrics for a decade.

At the Shanghai show, which opens to the public Saturday, automakers plan to display dozens of electrics, from luxury SUVs to micro-compacts priced under $10,000. They aim to compete with gasoline-powered models on performance, cost and looks.

Business
Bangladesh’s foreign reserves climb to $31.72 billion amid record remittances, economic reforms

Bangladesh’s foreign reserves climb to $31.72 billion amid record remittances, economic reforms

Tariff rate is not final yet, says Salehuddin

Tariff rate is not final yet, says Salehuddin

Remittance booms to new high, helping ease inflation down to 8.48pc

Remittance booms to new high, helping ease inflation down to 8.48pc

Investment firm Azoria postpones Tesla ETF after Musk plans political party

Investment firm Azoria postpones Tesla ETF after Musk plans political party

Latest News
SSC results published with 68.45pc pass
SSC results published with 68.45pc pass
July massacre: Trial of Hasina, 2 others start
July massacre: Trial of Hasina, 2 others start
‘Free Internet Day’ on July 18
‘Free Internet Day’ on July 18
Comilla board halts Thursday’s HSC exam amid flood concerns
Comilla board halts Thursday’s HSC exam amid flood concerns
Palestinians welcome French president’s support for statehood
Palestinians welcome French president’s support for statehood
Palestinian family seeks UK court help to join relative
Palestinian family seeks UK court help to join relative
Simple treatment could prevent 75pc of stomach cancer cases, study says
Simple treatment could prevent 75pc of stomach cancer cases, study says
FIFA opens office inside New York’s Trump Tower ahead of World Cup
FIFA opens office inside New York’s Trump Tower ahead of World Cup
Locals hand over AL leader to police in Sylhet
Locals hand over AL leader to police in Sylhet
CA directs completion of polls preparations by Dec
CA directs completion of polls preparations by Dec
‘Not only Hasina, AL should be brought under justice’
‘Not only Hasina, AL should be brought under justice’
Now Jamaat high-level delegation to visit China
Now Jamaat high-level delegation to visit China
Salman, Anisul among 9 shown arrested in new cases
Salman, Anisul among 9 shown arrested in new cases
Seminar on sustainable plastic use held at Bangladesh Secretariat
Seminar on sustainable plastic use held at Bangladesh Secretariat
Can you have Mayonnaise on a weight loss diet? here’s what experts say
Can you have Mayonnaise on a weight loss diet? here’s what experts say


© 2023 Sylhetmirror.com All Rights Reserved

Editor : Mohammed Abdul Karim (Goni)
Executive Editor : Enamul Haque Renu

Sylhet Mirror Team

Office: Unit 2, 60 Hanbury Street London E1 5JL Email : sylhetmirror@gmail.com

Developed by: Web Design & IT Company in Bangladesh

Go to top