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People's Daily Online>>China Business

Global automakers favor new energy cars in China (2)

By Yang Zhongyang, Chang Yanjun (The Economic Daily)

12:59, November 17, 2011

BMW Green Car

BMW and Daimler have also been busy developing new energy cars in China.

Why are multinational auto companies so eager to carry out new-energy automobile experiments in China? Experts believe that there are two reasons: First, the Chinese government is determined to develop the new-energy automobile industry, especially the electric automobile industry. Second, China's new-energy and electric automobile market will be a huge market with numerous business opportunities in the future.

"Currently, China has listed the new-energy automobile industry as one of the seven emerging strategic industries that China will prioritize. Therefore, it is quite clear how China regards this industry," said Ouyang Minggao, director of the State Key Laboratory of Automotive Safety Energy under the Tsinghua University.

Ouyang said that because China's automobile industry is rapidly developing, pressure is mounting on China to reduce emissions, and China faces a worsening situation.

The need to cope with external pressure coupled with the importance of strategically developing its automobile industry spurs the Chinese government to develop the new-energy automobile industry as a priority.

Second, China's electric automobile market is so huge and has so many business opportunities that no multinational auto company has reason to ignore it.

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