Some of the world's largest automobile companies unveiled flagship electric vehicles at the Shanghai Auto Show this week.
div > div.group > p:first-child"> Many of those cars will only be available in China, where government subsidies and policies favor electric vehicles. As the largest market globally for autos and a manufacturing hub, the Asian giant is becoming a center for electric vehicle development.
Audi's parent, Volkswagen, also released big plans to push into China's electric vehicle market around the Shanghai Auto Show. The company said in a release it expects China will contribute to more than half of its planned 22 million battery electric vehicles by 2028. "China is going to be the place ," Trevor Hale, general manager for Infiniti Global Communications, told CNBC."This is the future of electrification by far ... This is where we wanted to make a statement for Infiniti, which is going all electric."
"In the future, smart cars will become just like smartphones," He Xiaopeng, CEO of Alibaba-backed Xiaopeng, said during a news conference on Tuesday. The super charging stands are part of Nio's efforts to cut costs and build up services while the company waits for sales volumes to increase, co-founder and president Qin Lihong, told CNBC. The company said in its latest earnings call last month it would not reach its original plan for 70"Nio House" customer clubhouses by the end of this year.
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