SAIC aims to take 20% of China’s new energy vehicle market by 2015 image

China’s largest auto maker Shanghai Automotive Industry Corporation (SAIC) has in recent years created a comprehensive layout of the new energy automotive industry chain, and is planning to increase its market share in the segment to 20% by 2015, its Chairman Hu Maoyuan said at the “Drive to 2030″: World Expo and Sustainable Automotive Industry Development forum, co-hosted with General Motors on October 15, the Beijing News reported Monday.
Different from other auto-making companies, SAIC has provided a focus on R&D of new energy vehicles from the start, with the aim of realizing industrialization. Through the industrialization of new energy vehicles, the Shanghai-based automaker hopes to propel development and industrialization of key auto parts such as batteries, motors and so on, Hu said.

Given that the battery technology and electric vehicle productivity have become critical factors that currently hinder promotion of electric vehicles, China will make every effort to develop modular power and modular batteries during the 2011-2015 period, said an industry expert who participated in the formulation of the “electric vehicles ’12 5′ plan (2011-2015) that will be announced no late than next year, on the same day, adding that by 2015 when the country’s battery production capacity reaches 10 billion watts, the cost of electric vehicle battery will be cut in half.
Under the yet-to-be announced “electric vehicles ’12 5′ plan (2011-2015), the Ministry of Science and Technology (MOST) pointed out that China will have one million electric vehicles on the roads by 2015 and have the capacity to manufacture 10 billion watt hours of batteries. To that end, China has made plans to promote development of electric vehicle industry chain, placing batteries, motors and electronic control at the core of development.

Source: Gasgoo