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Mahindra increases investment in electric vehicles to enter Chinese and US markets

Author:Guangzhou Pro-Match Refinish Co., Ltd. Click: Time:2017-05-06 14:16:27

Gasgoo News According to foreign media reports, Indian automobile giant Mahindra plans to enter the United States and China, the two largest automobile markets in the world, and will launch high-end electric vehicles through its Italian company.

  The president of Mahindra said in an interview that Mahindra is currently exploring the possibility of producing electric supercars. The above-mentioned supercars will be launched under the brand name and are planned to be sold in the United States. In order to improve its position in the automobile industry, Mahindra acquired companies in 2015 that global automobile manufacturers are eager to imitate.

  It was also pointed out that China, the world's largest automobile market, is also one of the target markets for Mahindra's electric supercar. In addition, Mahindra will increase its investment in the United States through its South Korean Ssangyong Motor Group to increase its market share in the United States. SsangYong Motor plans to inject another 1 trillion won in related fields in the next four years. In the past five years, Ssangyong Motors has invested US$1 billion to enrich its product line to get back on track. The general manager of Mahindra said that Mahindra fully supports the investment of Ssangyong Motors and will provide funds for the latter if necessary.

  It was revealed at the Seoul Auto Show that Mahindra and Ssangyong plan to develop high-end electric vehicles by 2019 and export the products to the US and Chinese markets. We are very confident about the future development potential of high-end environmentally friendly vehicles. The world is at a critical point, and the production and use of electric vehicles will increase significantly.

  The importance of low-cost batteries was also noted. "The battery factory built by Elon Musk will set off a price war among battery suppliers, thereby significantly reducing battery costs, and electric vehicles will also be better used." Regarding Mahindra's development in the battery field, it was revealed that Mahindra The group has been conducting experiments on hydrogen fuel and other new energy batteries. "The future is dominated by plug-in electric vehicles."



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