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The new government rules could eliminate most of the Electric Car Chinese startups.
Never forget that China has a managed economy The national government may have elements embraced capitalism there is a generation, but the country's leaders are well aware of the problems that can result if capitalism is allowed to run wild Boom syndrome the bust is something the government thinks is bad for the economy in general and particularly bad for the electric car industry booming.
To date, more than 200 Chinese startups have announced plans to build an electric car there 100 years, every blacksmith and bike mechanic in the world was to build a car in the barn overnight Then they started companies to manufacture their creations around the world, thousands if not tens of thousands of fledgling automobile companies have failed in the last century or more.
China looks investors lost money support all companies that came his view management of the economy, he thinks channel more investment in economically viable enterprises is better for the nation than to throw money down and let market forces determine the winners and losers.
Today in China, every refrigerator manufacturer, motorcycle engine, and garden hacker is jumping into the game Electric Vehicle Much of this enthusiasm frenzy is fueled by generous government incentives that make vehicles affordable energy for the masses These incentives can amount to as much 60 of the sticker price of a new car energy, which prompted a huge public demand right now in China, more than 4,000 new models of electric cars are being developing many of these small businesses have no building cars to experience their cars are shoddily made and customer service is nonexistent.
The Chinese government says it will now choose the winners soon, entrepreneurs will need a government license to become an automaker existing companies like BYD and SAIC will not need to apply for licenses According to reports, more 10 licenses be issued a small number for such a large country too many newcomers to the area, and some of them are just speculators, said Yin Chengliang, professor at the Institute of engineering auto University Shanghai Jiao Tong government must increase the threshold It is bad to see the irrational investments in projects with low technology levels.
335,000 new energy vehicles were sold in China last year By 2025, the government wants that number to increase to three million vehicles per year, it will be boom time for companies according survive the approval process .
Ministry of Industry and the China Information Technology released a draft policy document for public comment this month He listed 17 technologies that companies which intend to sell electric cars must have to ensure the healthy development of the industry factors include a system for monitoring the performance and stability of any vehicle of energy, an information system that tracks the sources and conditions of essential parts and a method for the recycling or reuse the batteries.
Citing anonymous sources, the official Economic Daily newspaper managed by the State Council, said 90 percent of companies currently developing EV platforms won t be able to meet the standards two years a lot of money was invested in these companies already there is definitely a bubble, said Yale Zhang, managing director at Autoforesight Shanghai Co researcher If you only have t core technology and can t build the brand, it is game on very quickly once you burn by money.
Steve Hanley I've been a car nut from when Rob Walker and Henry N Manney, III graced the pages of the track route Today I use my faithful Miata for TSD rallies and occasional track day at Lime Rock and Watkins Glen If it moves on wheels, I am interested in this please follow me on Google and Twitter.
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We don t in itself as this government control level, but in the case of a critical engine for safety, like a car, maybe the Chinese are demonstrating great wisdom.
It is complete madness, actually, but let the Chinese because it moves the success to us, at least to some extent.
How successful he go to America it will not create an opportunity for exports The 4000 models have claimed to be under development, mainly by fragile enterprises must largely represent cars equivalent to neighborhood electric vehicles GM and Ford not getting into this market.
What this is about consolidating investments in a few companies with the resources to build competitive cars globally to export Japan also handled the auto industry for this purpose in the 1960 Maybe this n is not the right way to go, but Asian export powers prefer the road a few major players in industries hungry Japan capital used to impose quality standards on products exported not imported as you would expect of improve quality control and therefore the reputation of its products in China certainly has a problem with the countless names of the flood mark in an industry such as home theater as normal consumers in the West can t possibly keep track those who make the best products and reward.
Some of us are old enough that what is happening on the planet in 25 years doesn t matter, but we hope that older people, we can help the management company on a sustainable path.
The new government rules could eliminate most Chinese electric car startups 2 Gas, government rules, wipe, most.