If you’re visiting or reading up on major auto expos, you may notice a growing number of electric and hybrid vehicle prototypes from unknown Chinese start-ups. The need to reduce pollution and emissions is giving rise to a new generation of cars – dubbed “new energy vehicles” (NEVs) – across China, home to the world’s largest car market. The Chinese government is subsidizing the NEV sector and has announced that it will ban the sale of internal-combustion vehicles in the future – sending legacy car makers scrambling to future-proof their businesses. Liu Shanshan is a columnist at Iyiou, a news site known for its tech and business analysis. Here she shares insights into the latest developments in the automotive scene in China and her predictions for the future. getAbstract recommends this quick read to gearheads, tech junkies and investors interested in automotive.
In this summary, you will learn
- Why this is a crucial decade for automakers,
- What China’s auto industry will look like in 2025 and
- Why the internal combustion engine won’t disappear just yet.
About the Author
Liu Shanshan is a staff columnist at Iyiou, a news site known for its tech and business analysis, covering topics on finance and tech.