Volvo announces plans to export China-made electric car

Volvo XC40

BorgWarner says it is showcasing an extensive product portfolio for combustion, hybrid and electric vehicles at the Shanghai Auto Show, but there is an emphasis on electrification tech.

But behind the scenes, many are anxious that batteries capable of delivering the same driving range as petrol cars are still too expensive.

The move makes sense considering more affordable, long-range electric cars are coming to market in a similar timeframe. The discount will be the new energy vehicle discount that customers of electric and hybrid cars get in China.

But at the same time, it is cutting subsidies on green cars by a fifth this year, which could deepen manufacturers' losses. The two are SUV models tailored from the outset to satisfy the needs of Chinese consumers, the companies said in statements. Kia, whose compact sedan K3 was listed as the 12th best-selling auto in China in February, also intends to introduce two new models designed for Chinese drivers.

"It's clear that China wants to take a leading role globally in terms of the regulatory environment and electrification", said David Schoch, Ford's president for the Asia-Pacific.

"We're not holding back anything".

Automakers deal with predicament in China's substantial however congested market: Regulators are pushing them to offer electric vehicles, but purchasers desire gas-guzzling SUVs.

BJP' president Amit Shah addresses party's National Executive meet in Bhubaneswar
The Prime Minister will also visit the Sri Lingaraj temple to offer prayers, according to state BJP spokesperson Sajjan Sharma. On Saturday, Shah will also hold a national office bearers meet.

Hence the proposal, released in September, calling for electric or gasoline-electric hybrids to make up 8 percent of every automaker's output next year.

China's central government and many local authorities are keen to reduce congestion and air pollution and have dangled various financial incentives, including eased licensing requirements, guaranteed parking, and other inducements.

The Chinese vehicle market soared past the United States eight years ago to become the planet's top market and in 2016 set a 26th straight annual sales record. The company says it plans to develop plug-in hybrid versions of all its models. It also plans to bring an all-electric sport-utility vehicle to China over the next five years.

Kia also plans to launch the K2 Cross small crossover in the neighboring market later this month. To support the growth of its NEV line-up, GM has built a battery assembly plant in Shanghai which should be ready to deliver battery packs next year. The brand's pioneer electric vehicle will go on sale after a decade of the takeoff of their plug-in hybrid (PHEV) variant of the Superb hatchback. The VW brand aims to further launch 10 electric vehicles between 2020 and 2025. "Our challenging target is to come, already next year in 2018, to the market with the first vehicle".

China's drive for electric vehicles, driven in part to combat often suffocating urban smog, has put pressure on Japan's Toyota Motor Corp 7203.T to re-think its earlier scepticism about battery-electric technology.

Government plans call for China to have 100,000 public charging stations and 800,000 private stations by next year, up from a total of 50,000 at the start of 2016.

Officially MG says that the auto offers "a glimpse of the future" and is a 'next generation vehicle (aiming) to push the boundaries of innovation and technology, while meeting the needs of today's trend-setting auto buyers'.

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