Etiqueta: NIO

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Electric vehicle executives at a top car show in China were bullish on prospects for growth, despite a gruelling price war and mounting Western pressure on the industry. And even as firms face down a cut-throat price war at home and mounting regulatory pressure overseas, executives and attendees were upbeat.

China's largest auto show opened in Beijing with the biggest names showing off their latest electric vehicles (EVs), underlining how the world's largest auto market is already in an all-electric state of mind, and isn't looking back. The last thing China needs is more electric cars crowding a market, driving down prices at the expense of profit. Exporting that overcapacity, however, has brought EV makers to authorities' attention.

One of China's largest auto shows kicked off in Beijing on Thursday, with electric vehicle makers keen to show off their latest designs and high-tech accessories to consumers in the fiercely competitive market.

Some 117 new models were unveiled – out of 278 new energy vehicles on display. It comes as EVs now account for half of all car sales in China.

China's largest auto show opened in Beijing on Thursday with the biggest names showing off their latest electric vehicles (EVs), underlining how the world's largest auto market is already in an all-electric state of mind, and isn't looking back. Automakers are set to unveil 117 new models versus 93 at last year's show in Shanghai，while overall 278 new energy vehicles (NEVs) will go on display, seven more than last year, organisers said. The show, which runs through early next month, comes as NEV sales hit a milestone in early April, accounting for over 50% of cars sold in China, auto association data showed.

China's largest auto show showcases all-electric future, local brands dominate

Founder and CEO of the electric car manufacturer Nio, William Li, waves to the media during a press conference at the opening of the China Auto Show in Beijing, China,