While the Big Three U.S. automakers are experiencing wrenching business restructures, China’s automakers are gearing up for the prosperous green business.
Shanghai-based SAIC Motor, the country’s largest car maker, said that it is working on a series of hybrid and electric vehicles that are scheduled to be introduced by 2012, reported Shanghai Daily on May 6.
The first model, a hybrid Roewe 750 sedan, was displayed on the 13th at the Shanghai Auto Show and will be launched next year. last week, will be launched due next year.
According to SAIC, the Chinese partner of General Motors and Volkswagen AG, it has signed a contract with the Shanghai government to provide around 1,000 new-energy vehicles for the 2010 World Expo.
China is going to invest 10 billion yuan in the next three years to help develop green cars nationwide.
Why This Trend Is Growing
- Hybrid and Electric Vehicles
- Developing hybrid and electric vehicles presents an opportunity for disruptive innovation in the auto industry.
- Global Auto Greening
- Investment in green cars nationwide opens up opportunities for disruptive innovation in the automotive sector.
- China's Auto Market Growth
- China's automakers focusing on green business showcases a growing market for disruptive innovation in the auto industry.
Industries Being Reshaped
- Automotive
- The automotive industry can leverage the development of hybrid and electric vehicles to drive disruptive innovation.
- Renewable Energy
- Investment in green cars presents an opportunity for disruptive innovation in the renewable energy industry.
- Electric Vehicle Infrastructure
- The growth of electric vehicles in China creates potential for disruptive innovation in the electric vehicle infrastructure industry.
