At the show, Toyota Motor Corp. announced that it will introduce 10 new EVs in the country by 2020, including plug-in hybrid EV versions of its Corolla and Levin passenger cars in 2019 and a battery electric vehicle model in 2020. Tesla has been looking to built a factory in China, but was unwilling to give up 50 percent ownership to a Chinese partner. Auto China 2018, the industry's biggest sales event this year, is overshadowed by mounting trade tensions between Beijing and U.S. It calls for phasing out by 2022 the Beijing government's requirement that any foreign automaker that wants to make cars in China do so through a 50-50 joint venture with a Chinese vehicle company.
China has seen an enormous growth in different sectors including automobiles. He also said that China would reduce its 25 percent tariff on imported cars, without offering details.
Under new technology plans, the world's biggest carmaker by sales aims to produce electric versions of all 300 cars, trucks and buses in its line-up, plus adding an all-new set of battery-powered vehicles.
But established carmakers like Daimler, Volkswagen and Ford said at the auto show on Wednesday that they planned to keep their joint ventures the way they were.
That would make BAIC the second Chinese company to produce electric vehicles overseas, following BYD Auto, which manufactures battery-powered buses in a California factory. And foreign auto companies have found making cars in China for local drivers quite profitable. These include China's insistence that electric cars have batteries that are made in China, not imported. Production will start in 2019 in China, the Japanese company's first overseas production of PHEVs, it said.
Henderson: Injured fan´s recovery is the only result that matters
He saw the five-goal advantage cut back from the bench, but it did not take much gloss off a display to remember. And what I learned tonight is that we can win the second game as well, even when it will be different.
Yu Darvish strikes out eight Brewers, gets no-decision
Cubs: Bryant wasn't available to reporters before the game. "I don't think there's anything sinister to this point". Once again after retiring the first two hitters he got into trouble, giving up a single to Suter and walking Cain.
Wes Brown: United-Arsenal is always a big game
As for Manchester United , Jose Mourinho appears to have got his team playing well at an ideal point in the campaign. When asked whether he could be friends with Mourinho, Wenger spoke instead of "respect" for the current United boss.
"We hope things may change", said Jochem Heizmann, president and chief executive of Volkswagen Group China.
BAIC is preparing to set up a "new energy auto production base" in South Africa by the end of June, said chairman Xu Heyi. That would repeal rules that required global automakers to work through local partners, an arrangement that required them to share technology with potential Chinese competitors and prompted complaints by Washington, Europe and Japan.
The changes will end shareholding limits for new energy vehicle firms as soon as this year, followed by commercial vehicles in 2020 and passenger cars in 2022.
"That's some of the detail we've yet to see", he said.