Auto parts makers line up for slice of electric vehicle market

BEIJING - As a promising future market for environmentally friendly vehicles, China has become the battlefield for international automobile parts manufacturers to wrestle for market share in the electric vehicle sector.

"The car of the future will be the electric vehicle - there is no doubt about that. Bosch is devoting substantial research efforts to the electric power train and batteries," said Uwe Raschke, member of the board of management for the Bosch Groupin charge of Asia-Pacific market.

"Whilst we expect new and existing drive train technologies to be present in the market in parallel for many years, electric vehicles will continuously gain market share, especially in China."