ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Startups in Asia

China's 'four dragons' drive hopes for electric car industry

Startups keen to absorb foreign talent and technology to establish brand power

William Li, the founder and chairman of NIO, introduced its new electric sport utility vehicle at Auto China 2018 in Beijing. (Photo by Akihide Anzai)

BEIJING -- China for years has tried to establish itself as an auto manufacturing powerhouse, but its vision of creating a major global brand to compete with Japanese, U.S. and European automakers has failed to materialize. Now, the government wants to change that.

With the technology shift moving from conventional vehicles to electric cars -- China is the world's largest market for electric vehicles -- the government in Beijing believes the country can launch its own homegrown brand that can compete internationally with Tesla and other well-known makers of electric cars.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more