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FAW Details Future Electric Vehicle Efforts – Targets 15% EV Market Share Within 6 Years

FAW Group announced at Auto Beijing 2014 a new strategic plan for new energy vehicles.

The Chinese company by 2020 would like to take control of over 15 percent of the electric vehicle segment by introducing 6 new energy vehicle platforms and 16 vehicle models with mass market capacity.

“The plan indicates that, by 2020, FAW will complete the layout of key assembly resources, be professional in plug-in hybrid and pure electric power platform, master and control the resources of core assembly. Moreover FAW will complete the preparation of the whole series of industrialization for 6 new energy vehicle platforms and 16 vehicle models with mass market capacity. FAW plans to gain the market share in EV segment over 15 percent in six years.”
On the stage in Beijing there were already four new energy vehicles from FAW – Besturn B50-PHEV, Besturn B50-EV, VITA-EV and Oley-EV, all of which will go on sale for $35,000 to $41,000.

More http://insideevs.com/faw-details-future-electric-vehicle-efforts-targets-15-ev-market-share-within-6-years/

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