Global and Chinese automakers plan to unveil more than a dozen new electric SUVs, sedans and muscle cars this week at the Shanghai auto show.
Visitors look at the Arcfox a-S, an all electric car from Chinese automaker BAIC which claims to have a 708km range on a single charge, at a show room in Beijing, Thursday, April 13, 2023. Global and Chinese automakers plan to unveil more than a dozen new electric SUVs, sedans and muscle cars this week at the Shanghai auto show, their first full-scale sales event in four years in a market that has become a workshop for developing electrics, self-driving cars and other technology.
“Consumers lost interest in gasoline cars. That is the biggest challenge for foreign brands to compete in China,” said industry analyst John Zeng of LMC Automotive. “They are going to have to show their best EV products.” China's BYD Auto, which competes with Tesla Inc. for the title of world’s biggest-selling electric automaker, says it will display for the first time its U9 supercar from its luxury Yangwang brand. The automaker says the U9, with a 1 million yuan sticker price, can accelerate from zero to 100 kph in two neck-straining seconds.
Sales of gasoline-electric hybrids and pure-electric vehicles rose 26.2% over a year ago in the first three months of 2023 to 1.6 million, according to the China Association of Auto Manufacturers. Sales of pure electrics rose 14.4% to 1.2 million while hybrids increased 75.1% to 433,000. Baidu and Pony.ai received China’s first licenses to offer autonomous ride-hailing services in Beijing with a safety driver aboard to take over in the event of an emergency in 2022. That came 18 months after Alphabet Inc.’s Waymo started driverless ride-hailing service in Phoenix, Arizona.At the auto show, Chinese brand Aito plans to display its new M5 SUV with autonomous technology developed in an alliance with Huawei Technologies Ltd.
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China auto show highlights intense electric car competitionGlobal and Chinese automakers plan to unveil more than a dozen new electric SUVs, sedans and muscle cars this week at the Shanghai auto show, their first full-scale sales event in four years in a market that its developing its own EVs, self-driving cars and other futuristic technology. Global automakers are competing to roll out appealing electric vehicles in the technology’s biggest, most crowded market after the ruling Communist Party invested billions of dollars in subsidies to buy an early lead in an emerging industry. They face intense competition from young but aggressive Chinese brands with fast-developing technology and lower prices.
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