By Jon LeSage A new forecast by U.S. consulting firm AlixPartners projects 49 new plug-in electrified vehicle models will come to the Chinese market in the next three years.
This will be nearly half of 103 new PEV models to eventually reach the market, according to the study.
China wants to have nearly two-thirds of global production capacity for lithium-ion batteries to meet that vehicle demand. The country is investing heavily in the technology needed for domestic-brand PEVs to continue growing.
Chinese automakers and their joint venture partners account for 96 percent of PEVs sold in that market, the study said. Automakers sold about 350,000
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