Published

Chinese EV Startups Ponder Alliance

Five Chinese electric-car startups are pondering plans for an alliance that would enable them to share resources and jointly develop EV technologies.
#hybrid

Share

Five Chinese electric-car startups are pondering plans for an alliance that would enable them to share resources and jointly develop EV technologies.

The group tells Reuters it aims to finalize the association at the end of September and begin by year-end to develop a shared EV platform.

The likely participants are Aiways, CHJ Automotive, Hongxing Automobile Manufacturing, Singulato Motors and WM Motor. Singulato CEO Shen Haiyin tells Reuters the group figures that pooling resources will enable them to jump into the EV market more quickly and begin to compete where it really counts: on services and the ownership experience.

Reuters notes that fledging EV companies in China also face mounting competitive pressure from established international carmakers as they scramble to meet government sales quotas for electrified vehicles. Startups also face increased scrutiny of their technological abilities by government agencies that want to identify which EV newcomers are truly worthy of aid.

RELATED CONTENT

  • FCA Opens the Door to The Future

    FCA introduced a high-tech concept vehicle today, the Chrysler Portal, at the event previously known as the “Consumer Electronics Show,” now simply CES.

  • 2018 Chevrolet Bolt EV Premier

    There are two ways to consider the Chevy Bolt. One is the car. The other is the environment it exists in.

  • On Military Trucks, Euro Car Sales, Mazda Drops and More

    Did you know Mack is making military dump trucks from commercial vehicles or that Ford tied with Daimler in Euro vehicle sales or the Mazda6 is soon to be a thing of the past or Alexa can be more readily integrated or about Honda’s new EV strategy? All that and more are found here.

Gardner Business Media - Strategic Business Solutions