Chinese automakers SAIC, Geely turn up heat on global rivals

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While the Model 3 is set for a launch later this year and deliveries are expected to start sometime early next year, Volvo's new electric vehicle might take a bit longer to hit the market.

ES8 SUV of the Chinese electric vehicle start-up Nio is unveiled at the Shanghai autoshow, in Shanghai, China April 19, 2017.

Officially MG says that the auto offers "a glimpse of the future" and is a 'next generation vehicle (aiming) to push the boundaries of innovation and technology, while meeting the needs of today's trend-setting auto buyers'.

An electric model of Honda's Fit subcompact is available for lease in Japan and the U.S. Tests have been performed on it in China since 2011.

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The development comes in the wake of the death sentence awarded to Kulbhushan Jhadav in Pakistan on the charge of spying. Media reports in Pakistan said they were arrested for alleged involvement in anti-state activities.

China's automotive market remains the most important in the world for manufacturers, with sales jumping 14.9 percent to 24.38 million passenger cars past year, well beyond the 17.55 million bought by U.S. drivers. The company will release the electric and plug-in hybrid versions of the Clarity in the US this year. It said the name, size and other details were yet to be decided. Industry officials and experts reckon tightening fuel efficiency regulations through 2020 will compel vehicle makers to rely more on electrification to boost average fuel efficiency despite the drop-off in subsidies.

That is why even as automakers fight electric vehicle mandates in the United States, they are scrambling to develop more plug-in electric hybrids and electric battery cars for China. News reports say regulators might have agreed to lower or delay them in an updated plan due out this year, but there has been no official confirmation.

According to management consulting firm McKinsey, 43 percent of the 870,000 electric cars produced in 2016 came from China. That would rise to 10% in 2019 and 12 per cent in 2020.

The government is expanding China's network of charging stations to reduce "range anxiety", or buyers' fear of running out of power.

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Commerce Secretary Wilbur Ross, Toyota President Akio Toyoda and executives from General Motors, 3M and Aflac. The possibility will be discussed in a ministerial meeting in late May, Aso said in a speech in NY .

Ford's Schoch said that as manufacturing volume of batteries - an electric car's most expensive component - expands, costs should fall, making them competitive with combustion engines.

The German manufacturer also hopes to form a joint venture just for NEVs with Anhui Jianghuai Automobile Group (JAC) 600418.SS , and any models from that partnership would be on top of those plans, a spokesman told Reuters.

Volvo says it is also developing a fully electric auto on its Scalable Product Architecture, and it plans to offer plug-in hybrid versions of every model.

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As Trump approaches his 100-day milestone in the White House, he has failed to pass any serious policies through Congress. Eddie West, director of worldwide programs at UC Berkeley Extension, echoed that the system "deserves review".

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