China carmakers to tie up for electric vehicle R&D
The booming development of new-energy vehicles is bringing Chinese car companies together. The country's top 10 automakers are set to join hands for the research and development (R&D) of electric vehicle (EV) powertrains and components, xinhuanet.com said, citing an industry expert.
The project will be coordinated by the China Association of Automobile Manufacturers (CAAM), which will arrange for the top 10 Chinese automakers to lay out their standard intentions concerning the electric vehicles and related auto-parts. The joint R&D program will help these companies cut EV costs.
The top ten Chinese automakers (by sales) to be involved in this joint R&D programs for electric vehicles are SAIC Motor, FAW Group, Dongfeng Auto, Changan Auto, Guangzhou Auto, Beijing Auto, Brilliance Auto, Chery Auto, Sinotruk Group and Jianghuai Auto.
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