In May, the Chinese automaker Changan will be offering its self-developed hybrid-power Jiexun-HEV sedan.
Changan supplied hybrid-drive cars as taxis for the Olympic Games at Beijing. The taxis used European-supplied electronics for the “mild hybrid” drive. The new Jiexun-HEV is the first production run of the vehicle using an all-domestic hybrid drive system.
Ford and Changan are in negotiations to develop a fully-electric car for the US market. China has set the goal of becoming a major world hybrid and EV producer within the next three years.
I’m betting they’ll do it.
Why This Trend Is Growing
- Domestic Hybrid Drive Systems
- Opportunity for companies to develop and manufacture all-domestic hybrid drive systems in the automotive industry.
- Electric Vehicle Development
- Potential for collaboration between Chinese and foreign automakers to develop and produce fully-electric cars for global markets.
- China as Hybrid and EV Producer
- Advancement of China's goal to become a major producer of hybrid and electric vehicles, presenting opportunities for the automotive industry to enter the Chinese market.
Industries Being Reshaped
- Automotive
- Opportunity for automakers to develop and commercialize domestic hybrid drive systems, as well as collaborate to produce electric vehicles for the US market.
- Electronics
- Potential for electronics companies to supply components and technologies for domestic hybrid drive systems in the automotive industry.
- Renewable Energy
- Opportunity for renewable energy companies to provide charging infrastructure and energy solutions to support the growth of hybrid and electric vehicles in China.
