- Title: Automakers charge ahead with electrics in China
- Date: 19th April 2017
- Summary: SHANGHAI, CHINA (APRIL 18, 2017) (REUTERS) VARIOUS OF JAGUAR I-PACE CONCEPT CAR ON DISPLAY SIGNING ON BACK OF CAR READING (English): "I-SPACE CONCEPT" BACK OF CAR JAGUAR LAND ROVER TECHNICAL DESIGN DIRECTOR WOLFGANG ZIEBART SPEAKING (SOUNDBITE) (English) JAGUAR LAND ROVER TECHNICAL DESIGN DIRECTOR WOLFGANG ZIEBART SAYING: "China for electric vehicles is the first the largest market in the world and the second most dynamic market in the world. So it's very, very important and what we see is that in particular the luxury EV market is developing well here in China. So it's not just the mass market for small cars, it is in in particular also EV is becoming luxury product, and that's why we think our product here fits perfectly into Chinese market." PEOPLE WALKING VARIOUS OF VOLKSWAGEN PHIDEON PHEV ON DISPLAY BACK OF VOLKSWAGEN PHIDEON PHEV MAN SITTING INSIDE THE VEHICLE INSIDE OF VOLKSWAGEN PHIDEON PHEV VOLKSWAGEN SALES CHIEF JUERGEN STACKMANN SPEAKING TO REPORTER (SOUNDBITE) (English) VOLKSWAGEN SALES CHIEF JUERGEN STACKMANN SAYING: "They are creating a bit propulsion, we would say, system for the change of the industry. The Chinese government has actually put electric sort of mobility as key theme for the industry and the strength of the industry in this country. As we are market leader today, we see ourselves at excellent position to remain market leader and stay market leader and at the same time."
- Embargoed: 3rd May 2017 11:07
- Keywords: shanghai auto show china electric cars
- Location: SHANGHAI, CHINA
- City: SHANGHAI, CHINA
- Country: China
- Topics: Company News Markets,Economic Events
- Reuters ID: LVA0016D2DSN9
- Aspect Ratio: 16:9
- Story Text: International car makers put the eyes on the booming electric vehicle market in China as Shanghai auto show kicked off on Wednesday (April 19).
Jaguar Land Rover Technical Design Director Wolfgang Ziebart said electric vehicle has becoming luxury product China, the world's largest EV market.
Volkswagen sales chief Juergen Stackmann said they committed to remaining the leading position in the market.
Reuters reported in March, citing industry executives, that China was considering easing proposed quotas aimed at producing more electric vehicles.
China has strongly supported and subsidized electric vehicles, but is gradually swapping out incentives for hard targets automakers must meet. - Copyright Holder: REUTERS
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