Beijing 2018 Motor Show Review
- The Beijing Motor Show, which takes place every two years (even years) ,like the Shanghai show (odd years), once again featured a profusion of novelties, including a large number of SUVs and electric cars often launched under new brands which were completely unknown a year ago. SUVs make up 40% of the Chinese market currently and supply continues to grow. Among the twenty main innovations retained by Inovev, 14 are SUVs, which is 75% of the number of new products selected. SUV sales will therefore not decline in China anytime soon.
- The quotas that the Chinese government will impose on OEMs operating in China as of 2019 (their sales will have to include at least 10% of electric vehicles next year, 12% in 2020, 20% in 2025, 30% in 2030) also have the consequence of developing a massive offer of entirely new electric models (174 new products presented at the 2018 Beijing Motor Show). We are witnessing the birth of new brands dedicated to electric vehicles, such as Tengshi, Changjiang Rivers, Weilai, Polestar, Singularity, Aichi, Weimar, Baiteng, Zhengdao, Euler, Yundu and Jianghuai VW.
- Independent Chinese manufacturers, which occupy 37% of the Chinese VP market currently, account for half of the innovations selected by Inovev. These companies are determined to succeed and are forging ahead.
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