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China Briefings

Reports on China issued by Samsung Economic Research Institute

China Business Intelligence No. 161

China Business Intelligence No. 161

Samsung Economic Research Institute Beijing Office

June 1, 2010

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I. Industry

Although the issues of pollution and efficiency of high-tech new energy cars have been mostly resolved, there are still technical problems. Electric vehicles are complex, and not energy-efficient. Also, the current transportation system was established with when only conventional cars in mind, and does not provide a good environment for electric cars. New energy vehicles present opportunities as well as challenges, and many countries are rushing to develop these cars. Compared to hybrid vehicles, electric vehicles place the Chinese auto industry on a more competitive ground. The Chinese electric car industry has been growing neck-and-neck with leading global auto makers in terms of fuel cells, electromotors and technologies. In the near future, the three parties - local governments and energy-related companies and auto makers - will join forces to spearhead the development of new-energy vehicles.

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