New Energy Vehicles, Luxury Brands, and Home-Grown Goodness
Shanghai, China’s most cosmopolitan city in a country that has become a voracious consumer of automobiles, is the perfect place for manufacturers and suppliers to show their wares. The biannual show has become as important to the international automotive world as the events in Detroit, Tokyo, Frankfurt, and Paris. The 2017 show, hosted at the massive, clover-shaped National Center for Exhibition and Convention, gave attendees plenty to look at with over 1,400 vehicles on display.
China has a thriving domestic automotive industry, but it is also an exceptionally important market for international brands as well. Nearly every global brand is selling to the Chinese and many have established production facilities in the country as well. China is truly a global automotive bazar.
Shanghai Shows Off New Energy Vehicles
In a country that is notorious for its urban pollution, it’s not surprising that electric cars, or known in China as new energy vehicles, are big sellers. In 2016, the Chinese purchased over a 350,000 EVs. By comparison, only 159,000 new EVs hit the road during the same time frame. Part of the reason that electric vehicles are so popular with the Chinese is they have a much larger selection to choose from than most other markets.
In China, they have discovered that EVs don’t have to look like toasters. They select from luxury sedans, SUVs, and even sports cars. At the show, many Chinese brands were showing off the latest production and concept EVs including: