Beijing Auto Joins Growing List of Chinese Electric Car Builders
Beijing Automotive Industry Holding Co (BAIC) is building an electric car manufacture base in Beijing, in a bid for reinforcing its competitive edge in the promising green energy vehicle segment.
"We have just established a new company focusing on the new energy vehicles in suburb Beijing, including the whole industry chain, from research and development to the final production," said BAIC President Wang Dazong at the Eighth China Entrepreneur Summit, which was held by China Entrepreneur Magazine and China Entrepreneur Club last weekend in Beijing.
"It will be a new challenge for our group, not only in the technology, but also from huge investment and the uncertain market response," said Wang.
Many Chinese automakers are interested in developing eco-friendly, fuel-efficient vehicles.
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