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EVs in the spotlight as China claims a leading global role at Shanghai's auto show
APNews -
02:07
Leading automakers will be showcasing their latest designed-for-China models at the Shanghai auto show this week.
SHANGHAI (AP) — Leading automakers will be showcasing their latest designed-for-China models at the Shanghai auto show this week, struggling not to be edged aside in the world’s largest car market while watching for U.S. President Donald Trump’s next steps in his trade war.
Some industry experts view this year’s show in the sprawling industrial outskirts of Shanghai as a tipping point. Three decades after Beijing set out to build a world-class auto industry, local manufacturers account for about two-thirds of sales inside China, and a growing share of global exports.
The exhibition opens to the public on Thursday and runs until May 2.
Electrics gaining ground
Encouraged by government subsidies for scrapping older cars for the latest models, Chinese drivers have embraced the switch to electrics, with sales of battery powered and hybrid vehicles jumping 40% last year.
A total of 31.4 million vehicles including buses and trucks were sold last year in the world’s biggest market by sales, up 4.5% compared to a year earlier, the China Associa... [Short citation of 8% of the original article]
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