China auto show highlights industry's electric ambitions

BEIJING — The biggest global auto show of the year showcases China's ambitions to become a leader in electric cars and the industry's multibillion-dollar scramble to roll out models that appeal to price-conscious but demanding Chinese drivers.

Auto China 2018, which opens this week, follows Beijing's decision to allow full foreign ownership of Chinese automakers in a move to make the industry more flexible as it promotes electrics.

The ruling Communist Party has transformed China into the biggest market for electrics with billions of dollars in subsidies to producers and buyers. Now, Beijing is winding down that support and shifting the financial burden to automakers with sales quotas that push them to develop models Chinese drivers want to buy.

Must Read

South Korean President Moon in China on visit to...

Dec 14, 2017

South Korean President Moon Jae-in is in Beijing on a visit to repair ties frayed by a dispute over...

AP PHOTOS: Hong Kong village holds once-a-decade...

Dec 25, 2017

AP PHOTOS: Far from Hong Kong's hustle and bustle and towering skyscrapers, villagers hold one of...

Senior US diplomat pitches arms sales in China's...

Feb 5, 2018

The top U.S. diplomat overseeing arms sales said she would be promoting American weaponry at the...

China prosecuting tycoon who considered Kushner...

Feb 23, 2018

Chinese authorities say they are prosecuting an insurance tycoon who had discussed possibly...

China to build massive $1.5 billion panda...

Mar 8, 2018

The Bank of China has pledged at least 10 billion yuan ($1.5 billion) to create a massive giant...

Latest News

Trending News

About Us

MalaysianTalks is a platform for every Malaysian to get the latest updates and insights on the entertainment news. We set out a mission to be Malaysia’s leading entertainment site.