January 15, 2018 / 10:00 PM / in a year

FACTBOX: China carmakers ramping up electric car investments

(Reuters) - Chinese automakers so far have announced plans to invest more than $20 billion in new electric and hybrid vehicles.. Among them:

Changan Automobile Co : The Chongqing-based automaker has proposed a $15 billion plan to launch 21 new pure electric vehicles and 12 plug-in hybrids by 2025 while phasing out production of its gasoline-engine models. Changan is partnered in China with Ford Motor Co, French automaker PSA Peugeot Citroen and Japanese automakers Suzuki Motor Corp and Mazda Motor Corp.

SAIC Motor : Shanghai-based SAIC, which is partnered with Volkswagen AG (VOWG_p.DE) and General Motors Co, said it plans to invest at least $3 billion on so-called new energy vehicles, including electric and hybrid models.

Great Wall Motor : The independent carmaker, which is based in Baoding, plans to spend at least $1.8 billion and as much as $8 billion over the next 10 years on similar models, and has been discussing a possible joint venture with Germany’s BMW AG to build battery-powered Mini compacts in China.

Reporting by Paul Lienert in Detroit; Editing by Matthew Lewis

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below