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SHANGHAI — Global automakers will be flexing their muscle in China's electric vehicle market in the next few years. And the auto show in Beijing will give Chinese consumers a glimpse of what's coming. China has seen a swarm of local EV startups as the government encouraged zero-emission transportation. But those companies mostly have been smaller ventures. The industry's global giants have been slower to create EV portfolios there. The competition between local automakers and international brands is beginning to simmer. Only a few automakers have tipped their hand on what products they intend to display at the Beijing show, set to begin Sept. 26 after a five-month delay. But Chinese showgoers are certain to notice a wave of global competition heading to local showrooms. Nissan Motor Co. said last week it will showcase its upcoming Ariya EV, which the Japanese automaker is calling its most important new product. It will be the first time the electric crossover will be shown publicly outside Japan after its global debut in Yokohama in July. Nissan currently assembles only one EV model in China — the battery-powered Sylphy compact sedan. The Ariya, expected to go on sale in China in late 2021, is
Nowadays, a growing number of consumers start to prefer warm, comfortable, stylish, individualized, light-weight and eco-friendly automotive interiors. Aside from comfort and safety, the design of car seats also becomes more flexible, diverse and intelligent, and focuses more on user experience. Leadcom Seating always follows the human-centered management ideas of “satisfy customers with professional seats”. Its car seat series allow users to customize a turnkey solution for ideal seats. Light-weight and eco-friendly materials The most of car seats start to apply light-weight and eco-friendly materials, along with an increased emphasis on environmental protection. Moreover, new materials also improve the stereotyped appearance of seats, personalize the seat design, and meet the needs of different populations. As a pioneering advocate of environmental protection, Leadcom Seating always focuses on saving and recycling resources, and applies green manufacturing technology to reduce any possible adverse impact of production on environment. All seat components provided by Leadcom Seating can be recycled and reused. The LC-GJ06 Ultralight Magnesium Alloy Seat only weighs half as much as a regular seat. The two seats weigh just 10.5kg (23lbs), making them a perfect fit for modern urban bus system, especially the buses where seat weight is a critical consideration. For
Automotive finance penetration surged to 48% or so in China in 2018 and around 52% in 2019, yet still below the global 70%, and expectedly rising to 71% in 2026 with policy incentives and a change in consumption structure. New York, Sept. 08, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "China Automotive Finance Industry Report, 2020-2026" - https://www.reportlinker.com/p04091849/?utm_source=GNW Among automotive finance companies, commercial banks, automotive financial leasing companies and internet finance firms that compete in the Chinese automotive finance market, the automotive finance companies hold superiority in licenses, resources and 4S stores, outperforming commercial banks to seize 45% market shares in 2018. As the policy of used vehicle traffic restriction is cancelled, the used car trade remains on a steady rise in China, reaching 14.92 million units with a year-on-year spike of 8% in 2019, far above the growth rate for new car sales. As of the end of 2019, the used car finance penetration was approximately 14.1% in China, still enormous room for growth compared with over 50% in the United States. The consumers increasingly accept used cars amid the accelerating urbanization in China, where the used vehicle market will be lucrative to auto finance
Volkswagen Group plans to roll out its first fleet of self-driving test cars in Hefei, an eastern Chinese city that’s emerging as a hot spot for the nation’s electric vehicle ambitions. Ten Audi e-trons, VW’s premium electric crossover model, will be deployed in the city’s Haiheng district in a community that’s home to about 400,000 people and about 80 km (50 miles) of roads with intelligent vehicle-friendly infrastructure. Residents will be able to hail one of the Audis using a VW app. “This is our first-ever pilot project in China” that seeks to link the automotive, electrical and digital worlds to the benefit of consumers, Volkswagen China Executive Vice President Weiming Soh said. The trial, dubbed Project Tiger, may be replicated in other cities although there is not any specific timetable, he said. VW Group is doubling down on a market that is struggling to revive from a coronavirus-induced slump. Electric vehicle sales in Europe exceeded Chinese EV sales in the first half for the first time since 2015. China is nevertheless a critical, albeit increasingly crowded, the market for the development of autonomous-driving technology. Its scores of new autonomous-vehicle developers include the Renault-Nissan-Mitsubishi Alliance-backed WeRide. Some of the nation’s
Chinese-made Model 3 gives automaker 21% market share in the first half of the year    GUANGZHOU -- Tesla became the top seller of electric vehicles in China in the first half of the year, as the locally-made Model 3 gives consumers an affordable way to enter what used to be an exclusive club open only to the rich. Tesla doubled its China sales to about 50,000 vehicles from a year earlier, even as overall sales in the world's largest electric vehicle market roughly halved to about 235,000, according to Chinese research company Ways. This raised Tesla's market share there to 21% from 6%. The boost largely came from the Model 3 sedan, which Tesla began shipping out of its Shanghai factory in January. The cheapest option of these autos can be purchased for about 270,000 yuan ($39,000) after subsidies, more than 30% less than the same model imported from America. "It's so much cheaper than an imported Model 3. More younger customers are buying this," a salesperson aggressively pitched to customers at a dealership in Guangzhou on Friday, which was packed despite it being a weekday. "You look cool when you come to work in a Tesla," said one woman in her 40s who works at an electronics
Buick will introduce its first electric SUV, the VELITE 7, in China this year. Developed on GM’s global electric vehicle platform, the VELITE 7 compact SUV will offer an electric range of up to 500 kilometers (311 miles) under New European Driving Cycle (NEDC) conditions on a full charge. The VELITE 7 features spaciousness, customer-focused connectivity, and advanced driver assistance technologies. Leveraging GM’s global EV expertise, the VELITE 7’s electric propulsion system is powered by a new modular high-performance lithium-ion battery that has higher energy density through improved cell chemistry and optimized design. Its battery pack has an advanced structural design and a liquid-cooling battery thermal management system that meet GM’s global standards for safety and reliability. Buick has been a pioneering global brand in introducing electrified vehicles in China. The family includes the VELITE 5 extended-range electric vehicle, and VELITE 6 and VELITE 6 Plus electric vehicles. Additional information about the VELITE 7 will be shared closer to its launch. www.greencarcongree.com
Tesla’s vehicle registrations in China grew 150% to 11,565 in May from 4,633 in April. The electric automaker’s surge in sales of the Made in China Model 3 during May heavily contributed to the rise in registrations, along with imports of Tesla’s Model S and Model X. The data comes from LMC Automotive, an auto consultancy, which noted that Tesla’s increase in vehicle registrations in May was significant, Reuters said. The organization stated that imports were included in the figure; the Model S and Model X are not currently built in China at Tesla’s Giga Shanghai production plant. It was reported earlier this month that the Tesla Model 3 regained its title as the most popular electric car in China, which is the world’s largest automotive market. Tesla sold 11,095 Model 3s in May, taking the title from the BYD Qin Pro all-electric sedan. Currently, Giga Shanghai is operating at a run rate of about 4,000 vehicles per week, all of which are Model 3. Tesla has worked diligently since early 2020 to begin ramping the production rate of the vehicle, along with introducing new configurations of the affordable sedan. In April, Tesla sold only 3,636 Model 3s. While this
In any country, children represent the future, the flowers of the motherland,school bus as a daily transport carrier to pick up and drop off children, how to ensure the safety of children on the bus, has become the primary task of the school authorities and school bus manufacturers. Since the 19th century 40s, from the developed countries to the developing countries, they all have gradually strengthened norms, all the school bus have to install the school bus safety warning signs and safety warning rods, and the warning equipment must remain conspicuous while the vehicle is driving or parking, especially when the vehicle is parked, the parking safety sign must be turned on and flashing to remind the vehicles in two directions to stop in time, waiting for the children to get on and off the school bus, after the parking sign \ parking lever is closed, and then the vehicle will drive again. Xiamen xinsenyue mechanical and electrical co., ltd. was established in 2007, the company followed the TS16949 standard to implement product development and production control. The company has been committed to the automotive mechanical and electrical products and automation equipment research and development, production and sales. 15 years of