- CNTV English - CCTV News

Green energy cars rev up in Chinese market

09-09-2013 17:34 BJT

Makers of alternative energy cars are revving up their China efforts. Global brands such as BMW and Mercedes-Benz are targeting electrics, while a newer name, Tesla--is also jockeying for position.

The engine is traditionally the heart of a car. But US electric car maker Tesla, replaced the heart with high-intelligence softwares. This "run-without-engine" car has been introduced in Europe and is coming to China. By end of this year, Tesla will take orders in Hong Kong and set up a service center in Beijing.

"By analysing the business arrangements of major multi-national car-makers, on the one hand, they are promoting strongly in their home markets, on the other hand, they all consider China as target market in their near-future plans. It’s likely that China will be the most important and most competitive market for overseas electric cars."said Wan Gang, Minister of Science & Rechnology of China."said Wan.

Insiders say China not only has great potential, but also the policy framework for an electric car industry.

"After ten years of development, China has basically set up the electric car industrial structure, such as standards for whole cars and components and government policies."said Zhao Hang, President of China Automotive Technology&Research Center.

China’s electric cars incentives program is three years old. Take Shanghai as an example, buyers of electric cars can save about 180 thousand yuan, or 30 thousand U.S. dollars compared to ordinary fuel cars.



Editor:James |Source:

Hot Videos view more
Hot Stories more

Embassy: 2 Chinese nationals aboard capsized S Korean ship

The Chinese embassy in Seoul has confirmed two Chinese citizens were on board the ferry. Staff from the embassy has visited their families. Of the ferry’s 475 passengers, 9 have been confirmed dead. 179 people have been rescued and 287 are still missing.

Eight dead, 14 hurt in fatal highway accident in S. Philippines

Eight people were killed and over a dozen others were injured when a wayward truck plowed to several vehicles along a national road in this southern Philippine city over the weekend, police said Sunday.

Fmr Egyptian president accused of ordering killing of activists

Morsi is accused of ordering the killing of activists on December 5th 2012. The brief session was televised, but some Egyptians are beginning to lose interest in the drawn out trial.

More Video News

Choose TV Program