How Chinese Automotive Manufacturers are Trying to Dominate the Electric Market

Electric vehicles are the hottest topic in the automotive industry right now. As carbon emissions laws become stricter and a combustion engine ban is on the horizon, the automotive industry has to change its products quickly. Now, every major company is developing its line of EVs in conjunction with its branding. They are cleaner for the environment, have a higher standard of technology, and have better features than their predecessors, so making the change to electric vehicles is turning out to be a creative success. 

As EVs are the newest trend, many companies and countries are trying to be at the forefront of this change. So, how is China trying to dominate this fast-expanding area of the automotive market? 

China is not a well-known country for producing high-quality cars, but that may change in the future. Due to rapid industrialization throughout the country, it now has the tools and technology to produce automobiles that rival the best brands in the world. If it continues on this path, it could be an industry leader in electric technology. Here are some features that make Chinese cars the up-and-coming industry stars. 

The Features

A wealth of exciting and modern technological features is known to be a customer favorite, and Chinese vehicles have them in abundance. An example of this comes in the new Xiaomi XU7 sedan. It has a reasonable starting price of $42,500 and has been a sell-out ever since its release. As this brand usually produces small technology such as smartphones, they have many high-quality features like adaptive braking, an infotainment system, and connectivity to their smartphone technology. It also comes in a 400 or 800-volt battery, depending on what specification you are in the market for. 

Mass Production

Many European and American automotive brands produce cars, especially new models, in small numbers until they are sure that there is a demand for the vehicle. The only company that doesn’t use this mantra is Tesla. Chinese companies, including BYD, have followed in their footsteps. They have produced all their vehicles en masse, which ensured that it became one of the highest-selling electric car brands, and there is always a vehicle available to test drive and take away that day. Due to this success within China, they are now intent on expanding their success worldwide.  

Producing large numbers of cars, efficient production lines, low development costs, and streamlined supply chains make Chinese EVs a very desirable product. 

Business Mantras

Along with developing high-quality products, Chinese companies are also aggressive regarding business procedures. Nearly every major business merger in the last ten years, like saving Lotus and Volvo brands, has involved a Chinese company.  

There have also been many business partnerships emerging, like General Motors and Ford, that have teamed up to develop and produce a higher standard of electric vehicles. In turn, the Chinese manufacturer receives a discount on the final product to sell to their customers.  These business deals work as they sell EVs in China for a considerably lower price than EV vehicles like the Honda Civic or Hyundai, which offer similar specifications.  

Along with traditional EVs, they have also popularized another type of EV called the low-speed EV, which is essentially the size of a golf cart designed to look like a traditional vehicle.  

Supercars

China is starting to produce high-quality EVs, and they are not stopping there. Several Chinese automotive companies have released that they are developing several supercars that are quicker than the wind. Some companies have gone a step further and released one, the Nio EP9. This car shocked the worldwide automotive world when it completed the Nürburgring Nordschleife in less than seven minutes. Another supercar that is making waves is the BYD Yang Wang U9, as it has a robust suspension, opulent features, and a quad motor system that can complete 0-62 mph in 2.36 seconds. 

Historically, Chinese companies were known for producing toys and excellent small technological devices. But in the last decade, they have invested billions into the automobile sector, which is starting to pay off. The standard of EVs being produced in China is second to none, and if they continue, it will not be long before we are all fans of Chinese vehicles.