Volkswagen’s (VOWG_p. DE) China Chief Jochem Heizmann said the carmaker plans to launch a pure battery electric vehicle in China this year amid continued uncertainty over how China’s electric car quotas will be applied. VW’s Heizmann said a lack of clarity about whether electric car quotas would be softened, is forcing VW to push ahead … Read more
The market for electric cars and hybrids grew by 37 percent in 2016. BMW has made e-car production a priority, and now enjoys a market share of 7 percent, behind Tesla and market leader BYD from China. German car giant BMW is now the world’s third-largest manufacturer of electric cars, according to a report in … Read more
China is considering easing proposed quotas aimed at producing more electric vehicles, as Beijing gets pushback from the automotive industry over the scale and pace of the plans. If adopted, proposed changes under discussion could see a target of new energy vehicles (NEV) making up 8 percent of sales next year pushed to 2019, two … Read more