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12.07.2018 11:57
Several deals announced between China and German automotive industry
AUTHOR: publics.bg


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A series of deals were announced last week which will help the German automotive industry to take a bigger share of the world’s largest automobile market – China, the New York Times reports.

Chinas has been moving towards a higher amount of electric and driverless cars. One of the decisions taken is to introduce aggressive rules to increase the amount of electric or hybrid new cats on the roads. Moreover, autonomous vehicles are a key component of its Made in China 2025 plan.

In order to achieve this, China has promised to open up its car industry to foreign carmakers.

The announced partnerships are:

- VW plans to develop electric vehicles under its SEAT brand with the Anhui Jianghuai Automobile Group. Additionally, it will develop autonomous cars with the FAW Group and the China Intelligent and Connected Vehicles Research Institute;

- BMW will increase the amount of vehicles produced annually in China and it will partner with the Chinese technology company Baidu on autonomous cars projects;

- Continental plans to work with Didi Chuxing, a Chinese ride-sharing company, to develop internet-connected electric vehicles;

- Daimler will receive a license to test its driverless vehicles on Beijing’s roads. This permit will be the first of its kind awarded to a foreign company;

- Bosch will work with NIO, the Chinese electric vehicle start-up, to build sensors and control systems to be used in electric cars;

The German automakers expect that by increasing production in China, there will also be an increase in sales in the Chinese market.

China on the other side, hopes to become an innovation hub for electric-and utonomous-car development, advancing its goal of becoming a technological powerhouse.

Tesla also announced that it will be building a new factory in Shanghai. The factory will be the first wholly owned by a foreign automaker and the first outside the USA.


TAGS: China | cars | auto | industry | BMW | VW | Volkswagen | Continental | Bosch | Daimler | Mercedes | Tesla 


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