Friday 24 April 2009

China makes a bid to become EV powerhouse

As the future markets of transportation and energy use scream out for alternative modes of clean transport China has made a brilliant move in its policy to make a bid for dominance in EV technology and production.

The strategy is for China to shift its auto manufacturing focus to the production of hybrid and fully electric vehicles so that within three years they will have the capabilities to challenge any auto maker on the planet for dominance of this vital future sector. Specifically, they hope to be able to produce 500,000 all electric vehicles by 2011; which will represent almost a third of the production of EVs (if other companies attain their goals: Japan and Korea together are hoping to manufacturer 1.1 million in 2011, North America will lag behind at about 250,000).

This bold plan by China is a shrewd attempt to close the technology gap with it's production competitors; China is decades behind in tradition gas-guzzling technologies, so by merely making this shift they become more competitive. Additionally, by putting the majority of their creative momentum into this thrust they will surely put pressure on other manufacturers to muscle up on 'green development' if they hope to stay afloat in the transforming climate of auto production.

It will be interesting to see if any of the auto companies out there can match this audacious strategy by China. A real test to see if a strong central government, coupled with a massive desire to communally dominant an emerging market is superior to democracy and free market innovations.

For more about China's plans check out this link to the New York Times
http://www.nytimes.com/2009/04/02/business/global/02electric.html?_r=1

No comments:

Post a Comment