Business Maverick: Reported Fires Threaten China’s Electric-Car Quest

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 84%

Deutschland Nachrichten Nachrichten

Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen

Business Maverick: Reported Fires Threaten China's Electric-Car Quest By Bloomberg

Somewhere in Shanghai, a camera caught what looks like a Model S manufactured by Tesla Inc. bursting into flames in a parking garage. On Sunday night, the video began circulating on social media. Hours later, NIO Inc., a Shanghai-based NASDAQ-listed electric vehicle maker, announced that one of its ES8 models had burst into flames during a repair in Xi’an.

While Beijing has supported the industry for more than a decade, its efforts took on new momentum with the introduction of the now-notorious “Made in China 2025” industrial strategy in 2015.

But quantity can’t obscure what one Chinese energy journal last month referred to as the industry’s “Quality-Gate” scandal. The numbers are damning. In 2018, Chinese manufacturers recalled 135,700 NEVs for a crushing 10.8 percent industrywide recall rate. Already this year, another 23,458 electric vehicles have been recalled.

True, as with any new technology, teething problems are to be expected. But China’s government-sponsored largesse and highly protected market have clearly exacerbated the problem. By one estimate, there are “as many as 500” NEV startups in China, most of which have little to no experience in making or marketing automobiles.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 3. in DE
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Business Maverick: ANALYSIS: This Commodities Rally Has Legs, Thanks to China:Iron ore’s glory days seem to be back. But can it last? Commodities analyst David Fickling thinks it can.
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »

BUSINESS MAVERICK: China, South Africa and the middle-income trapChina and South Africa seem so distant and so different. Chinese economic growth has been fabulous; over the past decade, South Africa’s has been miserable. China is enormous; SA is small… and so on. But in one singular respect, China and South Africa are similar — they may be both caught in the middle-income trap. If there is such a thing.
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »

US firms in China frustrated, business lobby saysAmerican Chamber of Commerce in China says longstanding concerns about the business environment in the country remain unaddressed
Herkunft: BDliveSA - 🏆 12. / 63 Weiterlesen »

BMW to recall 360 000 cars in China over Takata airbags - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Germany's BMW will recall 360 000 vehicles in China as part of the worldwide effort to root out defective airbags made by now-defunct Japanese supplier Takata, regulators in Beijing said.
Herkunft: SABC News Online - 🏆 32. / 51 Weiterlesen »