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Ford to Create New Brand of Electric Cars in China, GM Sells $5,000 Electric Car

Courtesy of Mish.

China accounts for forty percent of global electric cars sales. Ford wants to crack that market with Fully Electric Vehicles Sold Under a New Brand, made in China of course.



Ford announced plans on Tuesday to form a new joint venture with Anhui Zotye Automobile Co., a Chinese brand that specializes in all-electric vehicles.

Ford and Zotye are exploring a 50:50 partnership to produce a line of electric vehicles. Ford said the cars would be sold under a new brand, but did not offer additional details.

China already accounts for 40% of all electric cars sold worldwide, according to the International Energy Agency. Zotye, which does not produce gas or diesel cars, sold more than 16,000 electric vehicles through July this year — a 56% increase from the same period in 2016.

Bill Russo, managing director at Gao Feng Advisory Company, said Ford is the first global automaker to partner with a local firm that exclusively produces electric cars.

GM Sells $5,000 Electric Car

Counting government incentives, GM is Selling a $5,000 Electric Car in China.

General Motors will start selling a tiny electric car in China this week that will cost about $5,300 after national and local electric vehicle incentives, according to GM.

For that sort of price, the Baojun E100 is no Cadillac, of course. The two-seat car’s wheelbase — the distance from the center of the front wheels to the center of the rear wheels — is just 63 inches. That’s about 10 inches shorter than Daimler’s (DDAIF) Smart ForTwo, a car that is already remarkable for its stubby proportions.

The E100, which is Baojun’s first electric car, is powered by a single 39-horsepower electric motor and has a top speed of 62 miles an hour. The E100 can drive about 96 miles on a fully charged battery, according to GM (GM).

Baojun is a mass-market car brand from General Motors’ SAIC-GM-Wuling joint venture in China. It’s China’s eighth most popular car brand, according to data from LMC Automotive, ranking below brands like Volkswagen, Toyota (TM), Honda (HMC) and Buick.

India to Sell Only Electric Cars by 2030

Finally, please consider India to Sell Only Electric Cars by 2030

India is one of the world’s most polluted countries. Its energy department said in a blog post that it has set the “ambitious” target to stop selling gas-powered vehicles in an attempt to clean up its air.

As the country’s economy has boomed, new industries and commuters have spewed pollutants in the air at staggering rates. Now, its 1.3 billion residents are suffering. One estimate says India’s air contributes to 1.2 million deaths per year. Doctors have said breathing the air in New Dehli, the nation’s capital, is like smoking 10 cigarettes a day.

India’s energy minister, Piyush Goyal, said recently that the country will help facilitate the electric car effort by offering subsidies for a couple of years. “After that,” he said, “the cost of electric vehicles will start paying for themselves.”

Tesla hasn’t actually entered the Indian market yet, but Musk has frequently talked about his plans to open up shop there. He said earlier this year that it could happen by summer, but those plans appear to be delayed.

India is anxiously awaiting Tesla’s arrival. Even the head of Mahindra, India’s leading electric carmaker, told Musk he’ll welcome the competition.

Tesla Challenge

Time you got out here Elon. You don’t want to leave that whole market to Mahindra do you?? The more the merrier–and greener..! https://t.co/IPoA9viDRN

— anand mahindra (@anandmahindra) June 2, 2017

Greener Grass

Will electric cars really be greener?


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