IT

Ford unveils 1st gasoline-electric hybrid

Ford unveils 1st gasoline-electric hybrid

Honda will develop an EV dedicated to China "quickly" for release, Yasuhide Mizuno, chief operating officer for China, said in an interview with The Nikkei and other media organizations in Shanghai on Wednesday.

"The biggest worries for people buying an electric vehicle are lack of convenience for charging and the miserable range most electric cars have", said Zhang Xin, an independent auto industry analyst. But behind the scenes, many are anxious that batteries capable of delivering the same driving range as gasoline cars are still too expensive. Given the higher price of such cars, the upcoming electric vehicle will be the most expensive option in the 40-series range.

The electric vehicle concept has been unveiled at the Shanghai Auto Show, and industry insiders suggest that it will reach production, retaining its electric drivetrain, by 2020.

The vehicle will be made by GM's joint venture with a state-owned automaker, Shanghai Automotive Industries Corp. Most cars are relatively cheap with limited range.

Beijing's central government has floated proposals to require automakers to substantially boost sales of so-called "new energy vehicles" (NEVs), or risk being penalized. But at the same time, it is cutting subsidies on green cars by a fifth this year, a move that could deepen manufacturers' losses on such models and discourage consumers from buying them. "We believe that electrification is the answer to sustainable mobility".

"We're not holding back anything".

North Korean nuclear test site now
Meanwhile, the country has conducted a series of ballistic missile launches in recent months in defiance of United Nations sanctions.

GKN declined to name the European client, but said the manufacturer would sell Chinese-made electric motors worldwide, and further supply agreements with domestic and global vehicle manufacturers had been signed.

On Tuesday, Volkwagen AG announced plans to launch a pure-electric vehicle in China next year with a state-owned partner.

Given the popularity of small SUVs worldwide, an electric version of the XC40 is understood to be the front-runner in Volvo's plan. More recently, the government has indicated that timetable could slip.

Growth in auto sales in 2017 are estimated to slow to an annual 2 to 6 percent, according to the ministry.

Automakers face a dilemma in China's huge but crowded market: Regulators are pushing them to sell electric cars, but buyers want gas-guzzling SUVs.

Mizuno added that plug-in hybrid models would likely follow, but did not say when that vehicle might hit the market in China. Buick also sells a hybrid LaCrosse in China.

Korea, US, Japan Unite against China's THAAD Retaliation
State television footage showed leader Kim Jong-un smiling joyfully and waving to North Koreans as the KCNA narrated the event. In February, it suspended imports of coal from North Korea, depriving the country of an important source of foreign currency.

South Korea's Kia Motors Co. debuted an SUV-inspired crossover, the K2 Cross, designed for the Chinese market. The VW brand aims to further launch 10 electric vehicles between 2020 and 2025.

"I make a little test with this auto", he said.

As that moderates, manufacturers are focusing on still fast-growing segments like sport-utility vehicles, which are expected to overtake China sedan sales possibly this year.

Volkswagen, China's overall market leader, will introduce a range of new SUV models in China this year and ramp up production of electric vehicles, said its China CEO Jochem Heizmann.

To be sure, even as automakers renew commitments to produce more NEVs, it's not clear how aggressively they would push those cars in the marketplace.

Serena Williams Confirms Plans To Return To Tennis After Giving Birth
She is second only to Australian Margaret Court on the list of Women's all-time Grand Slam singles titles leaders. Neither Williams or her management team were immediately available for comment, according to Reuters .


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