{"id":146322,"date":"2010-01-06T13:57:00","date_gmt":"2010-01-06T18:57:00","guid":{"rendered":"tag:blogger.com,1999:blog-27954921.post-5928447744289872170"},"modified":"2010-01-06T14:24:11","modified_gmt":"2010-01-06T19:24:11","slug":"lithium-and-ree-qinyuan-seeks-to-boost-electric-car-sales-in-us-tnr-v-czx-v-wlc-v-li-v-rm-v-clq-v-avl-to-res-v-quc-v-cce-v-sqm-fmc-roc-f","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/146322","title":{"rendered":"Lithium and REE: Qinyuan seeks to boost electric car sales in US TNR.v, CZX.v, WLC.v, LI.v, RM.v, CLQ.v, AVL.to, RES.v, QUC.v, CCE.v, SQM, FMC, ROC, F"},"content":{"rendered":"

\"\"<\/a><\/p>\n

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We, maybe, hardly knew these names before, but they are coming and coming in numbers<\/span><\/strong> <\/a>backed by the Chinese government and ambitions to take the world over. Asia, and China particularly, will be leading the Green Mobility Revolution with their low cost base advantage. They will fight their battle with low brand recognition and safety issues, but it is not the reason to lose time in the West. This industrial revolution could be the last chance for the West to regain its place in the future power disposition and survive during stagflation times.<\/div>\n
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If you think we should not be worried and China will be irrelevant in auto market<\/span>, think again – Lucent<\/span> Technologies thought the same with its state of the art optical switches in early<\/span> 2000…before they had to buy into Huawey<\/span>, just to keep themselves in the game<\/div>\n
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“We have now everything in place for a technology shift which can create Next Big Thing and investment opportunity of the century.<\/span><\/a><\/strong><\/em><\/div>\n
Auto makers.<\/span><\/strong><\/a>
Here we will be looking for a newcomers into the sector which could provide an explosive growth in revenues from low base and respective valuation. We will be restricted to public companies. New coming IPOs<\/span> could provide opportunities: like Tesla Motors. Asian connected players could provide another opportunity of a double valuation drive: growing markets and electrification shift. Chinese BYD<\/span> will be the most famous example. We will note Tata<\/span> Motors as well in this upcoming sector – problem here will be whether they will be able to overcome auto brand recognition and safety perceptions. Both companies are definitely well positioned in their respective markets, but conquering the West could be difficult and lead to the question whether they are going to make money or struggle fighting for the market share<\/span><\/em>.”<\/div>\n
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Reuters:<\/strong><\/div>\n
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“Qinyuan<\/span> seeks to boost electric car sales in US<\/span><\/strong><\/a><\/div>\n
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* To boost sales of self-made electric vehicles in U.S.
* In talks to develop electric models for OEMs<\/span>
* Hopes to go public eventually (Adds details)
By Fang Yan<\/span> and Jacqueline Wong
SHANGHAI, Jan 6 (Reuters) – Tianjin Qingyuan<\/span> Electric Vehicle Co, the first Chinese automaker to break into the United States, hopes to significantly boost sales of its self-developed electric models in the world’s second-largest market this year, a source with direct knowledge of the matter said on Wednesday.
<\/span>State-backed Qingyuan<\/span> is among a growing army of Chinese automakers, including BYD<\/span> Co (1211.HK<\/span><\/a>), partly-owned by U.S. billionaire Warren Buffett<\/span>, eager to tap the fledgling green car sector in mature markets.
Qingyuan<\/span> hopes to sell 3,000 self-made electric vehicles mostly in the United States in 2010, 50 percent more than what it shipped there in the past five years, the source told Reuters.
<\/span>It is also seeking opportunities to sell electric vehicles in Europe where regulators have been tightening up emission rules to tackle environmental issues, the source said.
“Qingyuan<\/span> is rather positive on the outlook of its export business as market potential for green cars in the U.S. and Europe is huge,” said the source.
Qingyuan<\/span> declined to comment.
Other Chinese automakers are also stepping up investment in the green car sector which is poised to take off.
BYD<\/span> Co — 10 percent controlled by Warren Buffett’s<\/span> Berkshire Hathaway Inc (BRKa<\/span>.N<\/a>), has sold several hundred of its plug-in hybrid, F3DM<\/span>, unveiled in December 2008. It also plans to export its first electric car, the e6, to the United States this year.
Chery Automobile Co, Beijing Automotive Industry Holding Corp (BAIC<\/span>) and SAIC<\/span> Motor Corp (600104.SS<\/a>), among others have unveiled their electric or hybrid models.
HOME MARKET
Beijing said in December it would expand its pilot scheme to subsidise the purchase of clean-energy vehicles for public transport fleets in 13 to 20 cities.
It would also subsidise the purchase of “environmentally friendly” vehicles in five cities selected for a pilot programme to private car buyers for the first time. [ID:nTOE<\/span>5B9033]
The move presents new growth opportunities for Qingyuan<\/span>, which has been seeking to cooperate with domestic and foreign car ventures in China in the green vehicle segment.
A source told Reuters in September that Qingyuan<\/span> was in talks with Daimler AG (DAIGn<\/span>.DE<\/a>) to develop an electric version of a van made at the German automaker’s<\/span> joint venture in southeast China. [ID:nSHA<\/span>216767]
Chery Auto, Beijing Hyundai, Hyundai Motor’s (005380.KS<\/a>) car venture with BAIC<\/span>, are also among its potential clients, the source said.
Qingyuan<\/span>, based in the municipality of Tianjin near Beijing, is capable of producing 5,000 to 6,000 electric vehicles per annum<\/span>.
Its near-term goal is to raise its production level for key components of electric cars, including motor and driving systems.
To fund expansion, Qingyuan<\/span> is in talks with several potential foreign and domestic investors, said the source, without elaborating.
It may consider listing on China’s Nasdaq<\/span>-style second board, CHinNext<\/span> eventually. The four-month old board is already home to 36 start-up firms, including movie maker H.Brothers (300027.SZ<\/span><\/a>) and Aier<\/span> Eye Hospital Group (300015.SZ<\/span><\/a>). (Reporting by Fang Yan<\/span> and Jacqueline Wong)” <\/div>\n<\/div>\n
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We, maybe, hardly knew these names before, but they are coming and coming in numbers backed by the Chinese government and ambitions to take the world over. Asia, and China particularly, will be leading the Green Mobility Revolution with their low cost base advantage. They will fight their battle with low brand recognition and safety […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-146322","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/146322","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=146322"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/146322\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=146322"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=146322"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=146322"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}