Japanese Carmakers Prepare a Bevy of Electrified Vehicles for China
Japan’s major carmakers are rushing to introduce electrified vehicles in China, with at least one model due late this year.
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Japan’s major carmakers are rushing to introduce electrified vehicles in China, with at least one model due late this year.
The Nikkei notes that the scramble marks a big shift for the companies, whose focus until now has been on the longer-term appeal of fuel cell powertrains. Now they are being forced to prepare plug-in hybrids and battery-powered vehicles to satisfy impending quotas in China, which accounts for about 30% of global vehicle sales.
China has said it wants to put 5 million new-energy vehicles on the road by 2020.
The Chinese quotas dictate that so-called new-energy vehicles account for at least 20% of new-car sales in 2019 and 12% by 2020. Deliveries of such vehicles last year totaled about 770,000 units, or 3% of the country’s 28.9 million-unit market for passenger vehicles.
The Nikkei says Mazda Motor Corp. is the most recent to jump into electrification. The carmaker plans a 2019 debut for an all-electric vehicle—probably a compact crossover—it is co-developing with Chongqing Changan Automobile.
But the newspaper points out that Honda Motor Co. may be first among its rivals to debut a new electric in China. Later this year Honda plans to launch an electric version of its Vezel small SUV/crossover in the country.
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