China Cantor

Han Zhu is to go on a mission to green. The 29-Year -old data analyst wants your next car electric. But your reasons for buying an E-vehicle in the practical part.

In the southern Chinese city of Shenzhen Government restrictions on The Number of gasoline vehicles sold each Year , the need to enter a lottery or auction to buy a gasoline vehicle.

"There is a possibility that you will get it never. With the electric vehicle, green-license, you don't have to wait In Line ," she Says .

Shenzhen has become the flagship capital of the Chinese electric dream In 2017 it will be The First city in The World was the introduction of a fleet of electric buses. A Year later, the Government rolled out, to replace a plan the city-taxis with electric cars.

"In Shenzhen, in almost every house there are two chargers. With one of 10 cars on the road Tesla's are," she Says . "In China , if the policy leads in a direction, technology, and money goes in this direction," she Says .

In less than a decade, China 's new electric-vehicle market has become the largest in The World In the Year 2018, More Than one million E-vehicles were sold in China , More Than Three Times The Number sold in the United States.

Beijing invested US $ estimated € 50 billion (£43bn) in the industry, in the hope that the dominance of the electric vehicle market would lead to the global automotive superiority of morning.

And so far the policy has worked. In The Last three years, The Number of Chinese Electric Car manufacturer has tripled, with More Than 400 registered nationwide.

But the breakneck expansion has alarmed the Government . In the Last Year , it was decided the brakes, by the withdrawal of approximately half of its financial incentives for the buyer.

A slump in sales quickly followed, in the Last Quarter of 2019, the turnover for E-vehicles broken into.

Now the Corona-Virus has delivered a second blow.

the manufacturers have been forced to give up production lines and close to the dealers in an attempt to stop the spread of the virus.

Overall, auto sales fell 79% in February, compared with the same month in 2019, according to the China Association of Automobile Manufacturers. The sales of New Energy vehicles (NEVs) fell to an eighth month in a row.

"China 's auto market was already reeling from a huge slump in the demand in the Year 2019. In the Year 2020, no carmaker has been immune to The Effects of the coronavirus. This includes all of the oldest joint ventures to produce the internal combustion engine SUVs of The Most innovative upstarts make connected electric vehicles," Says Scott Kennedy from The Center for Strategic and International studies.

"The vast majority [of the electric-car-manufacturers] will not survive. But for how long, and whether the consolidation in the industry comes through many mergers or bankruptcies will survive, depends on the willingness of the Government . "

According to the listing on the New York Stock Exchange in the Year 2018 and to raise the billions of dollars, NIO is perhaps the highest-profile Chinese manufacturer of electric cars.

But in The Five years since the establishment, beset by problems, and burned over hundreds of millions of dollars. In 2019, The Company will cut 2,000 jobs on the back of falling revenues. In February announced that it had signed a preliminary agreement with the local Government has committed to the financing of The Company .

"China is a huge market growing at an immense pace. We are adjusting to The Market conditions," said a NIO spokesman.

And it's not just The Car manufacturer. China has some of the giant manufacturers of components, such as batteries.

In the Year 2018, CATL, a Chinese electric battery manufacturer, became the official supplier of the BMW-electric cars.

Last month, Tesla announced that it is to provide of an agreement with The Company to batteries for Tesla's newly built Shanghai-mega-facility, capable of 500,000 vehicles in a Year .

But in spite of this apparent success, analysts have their doubts.

"Chinese auto-and battery technology is not yet world class. CATL and BYD are strong battery makers, but they are still somewhat behind technologically from their South Korean and Japanese counterparts. And the Chinese car manufacturers are still second-class producers in their own country and they have very little sales outside of China ," Says Mr Kennedy.

For car buyers, the question of quality depends on China 's electric-car manufacturer.

Yi Yong Zhi, middle-aged businessman, drives a hybrid car from Chinese manufacturer BYD. Backed by U.S. billionaire Warren Buffett , The Company is the third largest battery-only Electric Car manufacturer in The World in the Year 2019 was, according to the research, the EV-volumes. com. Tesla sold The Most , followed by another Chinese company BAIC.

do not buy a purely electric vehicle, because he is not convinced of the quality.

"vehicles is not the quality of The domestic pure electric well at The Moment ," he Says . "No domestic pure electric vehicle, it is worth buying still. "

But he feels the progress of China is a source of national pride. "In the 1990s, we could not Imagine That China could build cars that compete with the Japanese," he Says .

Back in Shenzhen, Han Zhu Says the rolling back of Government subsidies will not be put off buying an E-vehicle. Rather than buying a Chinese brand, she has her eye on a Tesla.

"I think that they are quite different. I was super excited of Tesla, but not with other electric cars," she Says .

Source of news: bbc.com