The goal of the plan is to have five million EVs on the roads by the end of 2020.
China's drive to become the worldwide leader in production and adoption of electric vehicles (EVs) appears to be unmatched. With incentives that reach $8,800 per battery-powered vehicle and the government's commitment of more than $14.7 billion for alternative technology vehicles, China may, as predicted by some, rise to the top of the industry.
China-based Foton Motors and Texas-based Freescale Semiconductor will combine their collective knowledge to open the Foton-Freescale Automotive Joint Lab. The lab will focus on developing software and system-level solutions for use in upcoming Foton vehicles. Both companies will collaboratively work towards developing relevant electronic control technology for applications that included hybrids and electric vehicles (EVs). By focusing on electronics and, more specifically, on software developmen
China is the fastest growing market in the world and it's gobbling up autos at a prodigious rate. Every global automaker wants a piece of the pie and the one's that moved quick and early to enter the market, like General Motors and Volkswagen, are reaping the biggest rewards right now. DaimlerChrysler, however, is pursuing another plan to shovel some of that Chinese Yuan in its trunk. The German-American automaker announced today it has bought 24 percent of Beiqi Foton Motor Co., which produces