Suppliers Target China’s E-mobility Market

 

Via www.ecns.cn

International automotive part suppliers are seeking opportunities to tap into China’s fast-growing new energy vehicle market that is currently dominated by local companies.

In the segment of passenger cars, for example, a total of 454,300 electric motors were sold in the first 11 months of last year, of which 92 percent were from Chinese companies, according to industry website Ofweek.

The new energy vehicle market, which is expected to see sales of at least 1 million cars this year, is attracting international brands to partner with local automotive part suppliers.

 

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