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China Market Is Continuously Booming for New Energy Vehicle

Time: 2018-12-04 Source : PRATIC

According to global market consultancy Roland Berger, 390,000 electric vehicles were sold in China in the first half of 2018, representing 3 percent of total car sales in the country. That makes China the biggest electric vehicle market in the world, outselling second-placed United States more than three-to-one, in the same period.

China's leading position in the development of electric vehicles and ride-hailing services, will help automotive parts maker Faurecia(Europe's largest maker of car interiors) double its sales in the next five years, according to Francois Tardif, president of the company in China.

Tardif said the company has managed to double its sales in China every five years over the past few decades, and this rate of growth will continue for the foreseeable future.

"We have a strategy within Faurecia, which is called the 'China priority'. It is a part of our strategy. This means we have invested heavily in China in the past two decades and we shall continue to invest here," Tardif said.

He explained that the company has two major technology strategies in China. The first is "sustainable mobility", which Faurecia focuses on product lines related to clean mobility, including improving exhaust systems, battery packs for electric vehicles, and fuel cells.

The other strategy is "smart life on board", in which the company aims to provide a more comfortable, responsive cabin to the needs of drivers and passengers.

Faurecia first entered the Chinese market 25 years ago. It has since set up 53 production facilities and four research and development centers in the country.

Last year, its sales revenue in China reached 2.8 billion euros ($3.2 billion).

China rose to become the world's largest automotive market nine years ago. But Tardif said it is the country's backing for electric vehicles that has got the company excited.

"China has been the leader for new energy vehicles, because it's a place where there is the largest number of such vehicles being commercialized. It is very significant for us, as the push for intelligent connected vehicles in China is defining the frame. It is directly supporting our new technologies," he said.

Another major trend Tardif has noticed in China is that original equipment manufacturing suppliers are designing cars on behalf of one fleet manager.

"These service providers are now directing or ordering cars according to their own needs. This is totally different, and this is very much linked to this carsharing megatrend," he said.

Meanwhile, in order to save energy and combat pollution, a lot of measures have been being rolled out in China to promote new energy vehicles.

For example, hosted by the Changchun Municipal Council for the Promotion of International Trade and organized by the Jilin Provincial Electric Vehicle Industry Association, the First Northeast Asia (Changchun) New Energy Vehicle Expo will be held at the Changchun International Conference and Exhibition Center in Jilin province from Dec 26 to 27.

A large number of new energy automobiles, electric vehicles, and automobile parts specifically designed for the cold northeastern Asia areas, including low temperature batteries, waterproof batteries and smart charging posts, will be presented at the 20,000 square meter expo.

Dozens of new energy vehicle companies such as Tesla, Zhongtai, Lifan, Jiangling, Geely and Besturn will showcase their latest inventions to test the waters in the northeastern Asia market.

Since the booming market of new energy vehicle has been promoting all related industries including related vehicle parts making, such as the making of the chassis, the bumper, the wheel hub, the running board, the sunroof, the luggage rack and the battery tray of the new energy vehicle, it is important for the vehicle parts maker to choose the right CNC machines to make these parts.

Pratic CNC machines are the best choice for processing these vehicle parts. As a national high technology enterprise, PRATIC has been specially developing its CNC machines for processing vehicle parts efficiently and precisely since many year ago. For now PRATIC CNC machines have been occupying an important position in this field. Many automobile parts including luggage rack, wheel hub, bumper, running board, sunroof guide rail, decoration strip and so on can be well processed by PRATIC CNC machines, also the deep processing of van carriage, bus carriage, trailer, and the battery tray of new energy vehicle can be completed by PRATIC CNC machines. Welcome your inquiry and contact!

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