I visited Shanghai EDrive on October 24 as part of the Clean Truck and Bus Forum, sponsored in part by CalStart. The visit confirmed what I had heard about EDrive from industry sources; it is a well-run company. The visit also confirmed my and many others’ suspicions that the growth of the electric vehicle sector in China will fall far short of the
While the Chinese government may be intent on growing the electric vehicle segment, Chinese consumers are not so keen to buy electric vehicles. But that doesn’t mean companies in China that produce components for electric vehicles aren’t counting on the sector growing. The just-released New Energy Vehicle policy is a big reason for that optimism. Local government support also plays a role.