Visitors look at an MG car during the opening of China Auto Show in Beijing, China, Thursday, April 25, 2024. – Global automakers and EV startups unveiled new models and concept cars at China's largest auto show on Thursday, with a focus on the nation's transformation into a major market and production base for digitally connected, new-energy vehicles.
“China's EVs, represented by Qin and Han series, have successfully realized the large-scale replacement of traditional fuel cars, and this trend is irreversible,” said Lu Tian, the head of sales for BYD's Dynasty models. The cars are named after former imperial dynasties. It's building a factory in Brazil on the site of a former Ford plant that closed when the U.S. maker left the country. Two other Chinese automakers including Chery already have factories in Brazil.
Chinese makers are making inroads in Europe too, raising concern in some countries that they pose a potential threat to European automakers and jobs. The EU is weighing whether to impose tariffs on China-made EVs because of government subsidies that drove the industry's growth. “No other region of the world has a transformation of the automotive industry that is as fast-paced as in China,” Volkswagen CEO Oliver Blume said Wednesday at an event previewing its appearance at the auto show.
Nissan was going to sign a memorandum or understanding with Baidu, a Chinese search engine and AI company, later Thursday. Uchida said Nissan needs to meet the needs of Chinese customers and the speed at which the market is changing.Toyota announced a tie-up with Tencent, the maker of the widely-used WeChat messaging and e-payment app.
Car Car Latest News, Car Car Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: ksatnews - 🏆 442. / 53 Read more »
Source: CARmagazine - 🏆 382. / 55 Read more »