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More than 400 new electric vehicle manufacturers are registered in China.
This is the result of a 47 billion euro development and development fund created by the National Development and Reform Commission and China Construction Bank, a development fund for developing countries. electric vehicles and the high-tech industry.
Electric cars are part of the plan to promote the competitive advantage of President Cipin and must be completed by 2025.
One of the new Chinese manufacturers of electric vehicles – SINGULATOUT MOTORS, is from TUNIN. Two years ago, local authorities, who have virtually no knowledge of electromobiles, provided the $ 500 million needed to start up land and business capital to build a plant.
The starter was created by a group of engineers led by a former director of Internet security who has never carved a car before.
Such partnerships are visible everywhere in China and the ambition is for the country to become a global powerhouse in the electromobility industry.
In other parts of the country, they are also making similar financial commitments, with direct state subsidies for electric vehicle sales reaching $ 15 billion over the past five years, responding to the desire Beijing to become the driving force behind the development of this industry.
However, projections indicate that only 10% of startups in today's electromobile startups will actually survive.
Attracted by the prospect of support, many companies come to the conclusion that "getting capital and government support can create a good business model even if no company has ever driven an electric car Said Scott Kennedy, Center for Statistical and International. studies. "The moment of truth will come when Chinese state authorities will have to decide whether to let failed businesses fail or leave them on the edge," said the expert.
Even the electro-mobile launches will succeed in the mbad production of this type of car, will have to compete with the traditional foreign manufacturers who direct their own series
All auto giants operating in China are expected to start producing electric vehicles by 2019.
The world-renowned luxury electric car manufacturer Tesla Inc. recently signed an agreement to build a factory in Shanghai, the first one outside the United States. The factory's production capacity should be 500,000 cars a year
China's trend towards technological dominance is partly due to the escalation of the country's trade war with United States. The US sales representative, Robert Laitzer, said that huge investments in state capital and an attempt to transfer technology threaten the possible development of foreign companies in China [206.59011] In 2017, 777,000 Electric cars have been sold in the country. sales for the same year. "China wants to be a high-tech force and the cost is likely to be overcapacity," said Dan Wang, a technology badyst at Gavekal Dragonomics in Hong Kong.
Assisted by a number of local electromobility companies, overproduction seems inevitable. Singulato apparently has deep pockets, increasing his chances of being one of the few companies in the sector to survive in the future, he says.
Translation means "a copper hill" is a city located 370 km west of Shanghai. Like hundreds of other cities in China, it seeks to improve its economy and move away from the traditional heavy industry
There are more than 100 traditional car manufacturers in China, most of which are unprofitable companies that survive only with the support of
Singulato's first car – the iS6 vehicle, with a cost of $ 43,000, will be available until the end of the year. The company expects its sales will reach 60,000 by 2020
Other news on the technology are available on the website of the investor
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