Honda to launch all-electric battery car in China next year

At the Shanghai Auto Show carmakers, both domestic and foreign, are hustling to grab a share of the world's largest market for new vehicles.

"It's hard for someone with an EV to come and take away market share from SUVs", stated Ben Cavender of China Market Research Group.

The show will be opened to the general public on Friday at the National Exhibition and Convention Center (Shanghai).

But manufacturers are showing and developing numerous battery electric and plug-in hybrid models in response to the government's desire for more green vehicles on the streets to counter China's chronic pollution. Volvo expects about 15 percent of customers for its second-generation XC60 to pick the powertrain. SUVs compromised 40 percent of sales, while sedan purchases dropped 4.9 percent.

Ford Motor Co.'s luxury brand, Lincoln, has unveiled its first gasoline-electric hybrid, a version of its MKZ midsize sedan, at the Shanghai auto show.

German giant Daimler launched a car-sharing service a year ago that has since expanded to seven cities, gaining more than 250,000 registered users, the company said.

Unable to afford a auto, Shanghai university student Long Yi faces a lengthy, expensive commute across his vast city but has found a solution in the car-sharing schemes quickly gaining momentum in China.

Volvo will build its first fully electric vehicle in China, the company announced at the Shanghai auto show today. The vehicle will be made by GM's joint venture with a state-owned automaker, Shanghai Automotive Industries Corp.

"Sustainability is one of the mega trends worldwide, and China is a leading market in electric mobility", said Audi's Dietmar Voggenreiter.

Regulators have jolted the industry with a proposal to require electrics to account for at least 8 percent of each brand's production by next year, rising to 10 percent in 2019 and 12 percent in 2020. China is the world's biggest auto market by far, and growth is set to continue this year, albeit at a slower 5 percent, according to the China Association of Automobile Manufacturers.

It plans to sell vehicles in the United States and Europe after its China launch, to compete with global automakers.

Volvo Cars has announced that it will build its first fully electric vehicle in China, as part of its larger commitment to sell a total of 1 million electrified cars - including fully electric cars and hybrids - by 2025.

China's government wants more electric vehicles (EV) on the roads but consumers remain hungry for sports utility vehicles (SUVs), forcing foreign automakers to get innovative with their offerings.

SAIC, China's highest-selling automaker, is rethinking its expansion plans due to uncertainty regarding President Donald Trump's trading policy.

GM is also offering a $5,233 discount to Chinese buyers on its the Velite hybrid auto when it goes on sale in the country later this year.

Other Chinese brands offer plug-in electrics but most sold only a few hundred vehicles past year.

Additionally, Dana's new Spicer Electrified™ e-axles for electric transit buses and city delivery vehicles feature a fully integrated motor and gear box and leverage the company's vast experience in chassis drivetrain applications.

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