Key developments in electric vehicle segment

A series of key developments will boost the market presence of the electric vehicle worldwide. China is particular looks set to develop its presence in the sector, partly in a bid to reduce the country’s urban pollution problems. A new electric vehicle developed in partnership between Daimler Benz and Chinese firm BYD Automotive looks set to be launched in September 2014. The DENZA model has been developed outside of Germany to meet market needs for China. Customers for the vehicle will benefit from subsidi
April 22, 2014 Read time: 2 mins
A series of key developments will boost the market presence of the electric vehicle worldwide. China is particular looks set to develop its presence in the sector, partly in a bid to reduce the country’s urban pollution problems. A new electric vehicle developed in partnership between 3992 Daimler Benz and Chinese firm 3484 BYD Automotive looks set to be launched in September 2014. The DENZA model has been developed outside of Germany to meet market needs for China. Customers for the vehicle will benefit from subsidies and will not be subject to restrictions on which day they are allowed to drive in congested cities such as Beijing. The five seat vehicle will be built by Shenzhen BYD Daimler New Technology Co and is said to offer a range of 300km between charges. And car producer Lifan Industry has signed a deal with the authorities in the city of Jiyuan in Henan Province for a new factory to build electric vehicles. The first phase of this project is for a plant able to produce some 10,000 vehicles/year, while the second phase would be for a production output of some 100,000 vehicles/year.

Meanwhile South Korean car company 236 Hyundai Motor looks set to roll out its new electric vehicle in 2016, with China being one of the key target markets. The vehicle will offer a range of 200km and be powered by an 80kW motor, with a batter supplied by LG Chem. Also due from the company are plug-in hybrid and hybrid versions of its Sonata and Grandeur models, as well as hydrogen-powered and cars, with the line-up of environmentally-friendly cars to be completed by 2018.

For more information on companies in this article

Related Content

  • Electric vehicle market to grow in Europe
    February 29, 2012
    A report by Frost & Sullivan predicts that the European electric vehicle charging infrastructure market is set to boom.
    Read More
  • Engine innovation for diesels and electrics
    October 2, 2018
    Engine firms continue to develop new power solutions and refine existing technologies - Mike Woof writes There has been strong pressure against internal combustion engines worldwide, with the scandal over the emissions from diesel powered private cars has strengthening opinion against these engines. Diesel engine firms are taking the long view by offering future power options such as alternative fuels and electric systems. The engine builders are also hard at work ensuring that power units for the indust
    Read More
  • India's electric vehicle future
    March 23, 2012
    Strong potential for electric vehicles is expected in India. Existing problems of pollution and massive population growth in cities and urban areas is expected to help fuel demand for electric vehicles in the country.
    Read More
  • Countdown to Asia Pacific's biggest construction machinery show
    July 16, 2012
    Asia Pacific's largest construction machinery exhibition will be held in the Chinese capital China and its neighbouring countries (the new 'target markets') are developing at a very fast pace. The construction machinery market in this area has gradually become the most focused in the world, and in 2007 the sales volume of construction machinery was over 450,000 units. Over the next 10-15 years, construction of large-scale infrastructure will carry on, including projects of national high-speed railway networ
    Read More

Highlighted Content