China the future leader in electric vehicle production

china-electric-vehicleOn global level, the electric vehicle production capacity is increasing much more than expected. A new great demand come from China and a bright future for electric vehicle components suppliers come from there too.

On the horizon for new car communication technology is improved to car to car communication. This way electric vehicle is internet connected and some cars have already connections with manufacturers to provide remote service. Other service, for any electric vehicle, that could take benefit from connectivity is car sharing, a real urban solution to urban mobility issues.

A KPMG International’s annual assessment of the current and future states of the global auto industry predicted that the global automotive market would be overbuilt by more than 20-percent by 2016.

According to that report, “the estimated sales in Brazil, Russia, India, and China (BRIC) were 29 to 30 million vehicles in 2016. The report advised that the best points of entry for companies in BRIC countries to enter Western Europe and North America would respectively be Turkey and Brazil, each with the lion’s share of expectations compared to other countries in the region.”

The US appears to be an overbuilt market, but is far behind China and followed closely by the rest of Asia. According to majority of respondents China would have built up the most capacity by 2016, nearly doubling the current state of affairs.

“In terms of companies, Volkswagen appears to be the ‘undisputed leader’ in terms of growth rate and is closely followed by Hyundai/Kia and BMW. Toyota, possibly still reeling from the disasters that hit Japan, is working on increasing its share.

The report advocates that new partnerships are the answer to incorporating new technology and adapting to changes in demand. Better joint ventures will allow for more adaptive technologies, which will mean that new materials and designs will be better adopted.”

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Posted by on January 17, 2012. Filed under Electric vehicles. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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