Volvo says it is also developing a fully electric auto on its Scalable Product Architecture, and it plans to offer plug-in hybrid versions of every model. Returning to making a sports auto, MG is set to expose its E-Motion supercar concept, though, with an electric powertrain, that can accelerate from 0 to 62 mph in four seconds and has a range of over 310 miles.
"We follow the same goal with all our products: to provide solutions for a cleaner, more energy-efficient world", said Tom Tan, President, BorgWarner China.
Late last year, the mainland proposed automakers should make new energy vehicles account for 8 percent of total auto fleets by 2018 despite booming demand for SUVs - first-quarter SUV sales rose 21 percent on-year to 2.4 million, according to data from the Associated Press.
"It is fully in-line with our own core values of environmental care, quality and safety".
SsangYong Motor, which is 72.85 percent owned by Indian carmaker Mahindra & Mahindra Ltd., plans to display four SUV models - the compact Korando C, the small Tivoli, and the Tivoli Air (sold as the XLB overseas) gasoline and diesel SUVs - at the show to increase its brand awareness and lure customers.
Volvo's announcement about the EV confirms Automotive News Europe's report last week about the model.
The electric vehicle concept has been unveiled at the Shanghai Auto Show, and industry insiders suggest that it will reach production, retaining its electric drivetrain, by 2020. And in April 2016, the company vowed that it would sell one million electrified cars by 2025. The company says it plans to develop plug-in hybrid versions of all its models.
Germany-based consultancy Roland Berger forecasts annual market growth of at least 45 percent.
Unable to afford a auto, Shanghai university student Long Yi faces a lengthy, expensive commute across his vast city but has found a solution in the car-sharing schemes quickly gaining momentum in China.
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The automaker recently moved production of the S90 flagship sedan to China from Sweden.
"It will be for global export".
The decision to make its first electric auto in China highlights the central role China will play in Volvo's electrified future and underlines China's growing sophistication as a manufacturing centre for the automotive industry.
Beside its plants in Daqing and Luqiao, Volvo's has a factory in Chengdu, central China that will build current and new-generation 60-series midsize models.
-Volkswagen, Europe's biggest automaker, plans to launch its first pure-electric vehicle in China next year as Beijing steps up pressure on the industry to promote alternatives to gasoline.
NextEV, a Shanghai-based startup, says it will display 11 vehicles in Shanghai from its all-electric NIO brand.
China's automotive market remains the most important in the world for manufacturers, with sales jumping 14.9 percent to 24.38 million passenger cars a year ago, well beyond the 17.55 million bought by U.S. drivers. The large majority of those half-million units were made at Volvo's plants in Torslanda, near Gothenburg, Sweden and in Ghent, Belgium.
General Motors Co. has announced plans to manufacture and sell a gasoline-electric hybrid version of its Chevrolet Volt in China.
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