China expects rapid growth of smart e-cars from 2023 onwards29. July 2021
A senior executive at Chinese e-car startup Xpeng Motors predicts rapid growth of smart electric cars, especially in cities. When most autonomous driving functions become available from 2023, it will lead to a transformation of the car market. Xpeng Motors Chairman He Xiaopeng predicts that from 2025, around 60 percent of all new cars in major Chinese cities will be electric cars, and half of them will be able to drive autonomously. Vehicles and components must be awarded a CCC certificate in order for products to be exported to China or manufactured locally. The certificate proofs conformity with the Chinese GB Standards.
In the first quarter of 2021, electric cars accounted for 20 percent of all new cars sold in major cities such as Beijing and Shanghai. This represents a doubling of this category compared to the fourth quarter of 2020. Less than half of electric cars still have autonomous driving functions on board. However, company CEO He believes this share will increase rapidly. He estimates that by 2028, about 90 percent of new car sales in major cities will be smart electric cars, and for the rest of the country, he predicts 60 percent.
Xpeng is one of the leading startups in China for electric cars with autonomous driving functions. The company is certain that in the future, electric vehicle manufacturers without assistance systems for autonomous driving will have difficulty competing in the market. Xpeng founder He compares the situation to smartphones and cell phones. Nowadays, the main function of a smartphone is not making phone calls, but other functions. He expects that in 15 years, vehicle usage will also change and customers will spend more time in their cars than at present.
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