At the 2014 China international automobile exhibition, DENZA, an all-electric vehicle produced by BYD Daimler New Technology Co.. This Sino-German joint venture has a confident outlook on China’s electric vehicle market in the near future. By combing BYD’s battery technology and Daimler’s renowned quality expertise, they have been dedicated to all electric vehicles development since 2010.
Besides, Tesla is considering to build local manufacturing in China in next 3-4 years. People are starting to discuss this all-electric vehicles, and there are potential huge market in China once more people are into this new technology. At the same time, Tesla is building the charging station network in China, which is of great significance for preparation. The fact that China is known as one of the largest auto markets enables Tesla to sell the car at a cheaper price, which would be an attractive incentive for customers.
Stay tuned with more auto company’s updates in future market for electric vehicles.