Renault-Nissan CEO Plans $8000 Renault EV For China

Posted: Nov 7 2016, 12:09pm CST | by , Updated: Nov 7 2016, 7:41pm CST, in News | Cars & Vehicles

 

Renault-Nissan CEO Plans $8000 Renault EV for China
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  • The Cheapest EVs to be introduced in China
 

Renault-Nissan alliance will bring about the opportunity to buy an EV in China for just $8000 after incentives.

Renault-Nissan alliance has started working towards achieving a few big goals in the international auto market. Recently the Renault-Nissan chief Carlos Ghosn stated in the New York Times Energy for Tomorrow conference in Paris that a cheap EV is coming to market in a few months.

The Chinese government offers an incentive for a new vehicle for almost $20,000. Along with that the Chinese government is working rigorously in order to reduce pollution in the country.

This is the reason that the Chinese auto market is welcoming the electronic and hybrid vehicle with open arms. Thus it looks like Ghosn and his team has opted the best possible opportunity to plunge into the Chinese EV market. 

This kind of low priced EV by Renault-Nissan alliance will surely prove a real challenge for local manufacturers of EVs in China such as BYD and Kandi, according to AutoBlog via Reuters.

The effort by the company is supposed to pay in a better way as well as it is predicted that China will become the largest market for EV by the end of 2020.

It was reported earlier that almost 300,000 EVs will be sold in China in the year 2016. This number is about to be achieved. Whereas in the case of America, the Americans have bought only 100,000 in the last 10 months of year 2016.

China‚Äôs EV market has a lot of potential for growth which is the reason that many automakers are looking ahead to invest in Chinese market. Carlos did not reveal any other detail about these EVs that will be introduced in China for such a cheap price. However we are hoping to get some new insight in the story soon as Renault-Nissan alliance has actually made its mark in China.  

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