If you would like to make business in Electric Cars in China you are welcome to come and share the technology. Daimler, Better Place, Ener Dell and Volkswagen are happy to participate. Is it bad? Not at all if the West will use this opportunity and move fast as well taking the advantage of established auto makers brands and getting cheaper Lithium batteries with coming volume from China. Plus the Oil lobby will not be able to distort the market so easily any more - you can manipulate them only up to the certain point, like these days "commodity crash." China's decisive move out of Oil can save us all in the end - we will have to keep on par with it.
We can see it with GM Volt Korea push now - the speed to the market will be crucial. FAW is very serious group in China - Electric Cars are getting very strong base now.
FAW Group is a global leader in the vehicle manufacturing industry with a 50-year history of innovation. Founded in 1953, FAW employs 133,000 people around the world and sells products in over 70 countries. FAW is a diversified maker of quality light, medium, and heavy-duty trucks, automobiles, municipal buses and luxury tourist coaches, custom bus chassis, and mini-vehicles with total sales in excess of 7 million vehicles worldwide. FAW maintains the lead market position within China while continuing to expand into new international markets, executing a carefully planned strategy to build a comprehensive global organization.
China FAW Group Corporation, commonly referred to as FAW due to its original name of First Automotive Works, broke ground for its first factory on July 15, 1953. Since then, FAW has been at the forefront of promoting China's automotive industry. Although FAW began life solely as a commercial truck producer, it later expanded into the light truck and car sector. In 1991, working in partnership with Volkswagen AG, FAW constructed a new state-of-the-art automobile factory with an annual production capacity in excess of 150,000 units. In 2002, Tianjin Automobile Industry (Group) Corporation was merged into FAW Group Corporation, and began joint venture production with Toyota Motor Corporation. At present, FAW's current production strategies put a heavier emphasis on the production of cars while maintaining our dominant position in the commercial truck industry.
FAW has 28 wholly owned subsidiaries and controlling interest in 18 partially owned subsidiaries. Among these are FAW Jiefang Truck Co. Ltd. and FAW Bus and Coach Co. Ltd., which are wholly owned subsidiaries; FAW Car Co. Ltd., Tianjin FAW Xiali Automobile Co. Ltd., and Changchun FAW Sihuan Automobile Co. Ltd., whose shares are traded on the stock exchange, and FAW-Volkswagen Automobile Co. Ltd. and Tianjin FAW Toyota Motor Co. Ltd., both of which are Sino-foreign joint ventures.
FAW's production bases are located in northeast China's Jilin and Heilongjiang provinces, east China's Shandong province and Tianjin municipality, south China's Hainan province, and southwest China's Sichuan and Yunnan provinces.
FAW's state-of-the-art government-certified engineering development and test center, China's largest and most extensive automotive R&D facility, is the country's leader in automobile and commercial vehicle research. It stands alone in China in possessing both cold and semi-tropical weather vehicle testing facilities. The company's total assets are valued at 109.85 billion Yuan (US $14.27 billion).
We are dedicated to the core value that total customer satisfaction is our number one priority. As a global player with a sales volume now over one million units per year, we take advantage of the latest cutting edge technologies, production methods, and management practices to bring our customers the latest in automobile, truck, and bus design."
German auto maker Volkswagen AG Wednesdaysaid it would team up with its Chinese partner FAW Group Co to produce electric cars in China.
The Ministry of Industry and Information Technology certified FAW-Volkswagen's electric vehicle under the Kaili brand on May 3, according to VW's statement.
"The Chinese government has been encouraging joint ventures of foreign car manufactures to develop indigenous brands," the statement said.
VW is among car makers rushing to produce green cars amid the growing global awareness of environment protection and energy efficiency. In 2009, VW signed partnership deal with BYD to jointly develop hybrid and electric cars powered by lithium-ion batteries.
General Motors is planning to import its Volt electric car into the Chinese market at the end of this year while Nissan has also signed a deal with the government of Wuhan in Hubei Province to promote its Leaf in the city. Dailmer, which partners China's BYD, a leading battery and electric car producer, is set to launch a Chinese-made electric vehicle in 2013.
VW earlier said it plans to locally produce the zero-emission EV model in China between 2013 and 2014 through its Chinese joint ventures.
VW expects China to lead in the global EV market by 2018 under a blueprint to mass produce EV as part of its global E-mobility strategy unveiled in March 2010.
Martin Winterkorn, chief executive officer of VW, earlier told reporters that China is the car maker's most important market and the success of its EV in China will be crucial to achieve its global ambition.
During the Auto Shanghai 2011 show, VW displayed its electric Golf and Lavida sedans as well as the Touareg hybrid."