Chinese Carmaker Developing Hybrid Car
Shanghai Maple Automobile Co., part of Geely Automobile, is working in collaboration with Shanghai's Tongji University on the development of a hybrid automobile for the Chinese market. They will use Chinese parts and technology and the cars will be built in China so that they are affordable to the local market. They plan to sell a small number, between 5,000 and 10,000, the first year, but eventually hybrids could make up half of the company's sales. Could Chinese-made, low-cost hybrids flood the international market and put pressure on other automakers in the future? It is doubtful that cars from China will cause much trouble to other automakers in the short term, but things could be quite different in a decade or two.Foreign auto giants and other domestic car makers are also preparing to produce hybrid cars in China.
General Motors and partner Shanghai Automotive Industry Corp clinched a deal at the end of last year to jointly develop and produce hybrid and fuel cell vehicles in Shanghai.
Toyota also plans to collaborate with China's First Automotive Works Corp to produce its Prius hybrid cars this year in Changchun, capital of Northeast China's Jilin Province.
Chery Automobile, China's rising car maker in Anhui Province, is developing hybrid cars supported by the State and plans to launch the first one next year.::Geely Press Release, via MixedPower & ::Green Car Congress