NewEnergyNews: China Brings Hi-Perf Tesla Challenge EV To Mrkt

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    Friday, January 27, 2017

    China Brings Hi-Perf Tesla Challenge EV To Mrkt

    China’s Answer to Tesla Is Hopeful Entrant to Global Car Market

    Michael Schuman, January 26, 2017 (NY Times)

    “…[China’s Qiantu K50 electric vehicle (EV) sports car is intended to challenge Tesla as the world’s leading high-performance EV]…Across China, government officials, corporate executives, private investors, and newcomers…are in a headlong rush to develop a domestic electric car industry. The country’s goal…is to capitalize on the transition to electric to turbocharge the country’s lagging automobile sector to become a major competitor to the United States, Japan and Germany…That has been a goal of China’s industrial planners for decades, as the government has lavished resources on building homegrown automakers and discriminated against foreign players…[S]o far, that effort has failed…Local manufacturers have lacked the brands, technology and managerial heft to outmaneuver their established rivals, either at home or abroad…[EVs] could offer a second chance…” click here for more

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