Beijing’s Electric-Car Push Could Produce a World-Class Chinese Auto Brand

22 Dec 2017   China, Electric Cars

China has become the world’s largest automotive market, thanks to drivers whose numbers far eclipse those of such former leaders as the U.S. and Germany. But while mainland producers may lead the industry by number of new vehicles sold, China has yet to develop a car brand that rivals the cachet of Audi, BMW , Mercedes , or even some General Motors marques. That’s allowed foreign makers to build lucrative businesses in the nation that help maintain their global dominance. Now, President Xi Jinping’s determination to rewrite the rules of China’s roads to curb pollution and reduce the nation’s dependence on imported oil may have a side benefit for its automotive industry. Environmental regulations and production incentives could hasten the development of a high-volume leader in electric vehicles that might finally give China a shot at a world-class auto brand. Helpful government hands have already fostered national champions in […]

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