Global EditionASIA 中文双语Français
Home / Business / Motoring

CEO: US auto industry needs Chinese market

By He Wei and Zhu Lingqing in Boao | | Updated: 2018-04-09 16:17
Share - WeChat
Freeman Shen, founder and CEO of e-car maker WM Motor Technology Co Ltd. [Photo/VCG]

The US automotive industry, whether in terms of vehicle production, service or spare parts sales, has made much more money from China than from any other market, said Freeman Shen, founder and CEO of e-car maker WM Motor Technology Co Ltd.

Shen's remarks came at the Boao Forum for Asia Annual Conference on Monday.

The China-US trade dispute, initiated by the US, will do more harm to the instigator, Shen said.

Young Chinese consumers are particularly willing to accept new things, he said. If the US really wants to shut the door to the Chinese market "it will be good news for us local new energy vehicle makers, as we know more about our customers," Shen added.

He said self-driving vehicles will be safer than human drivers if the mass production of driverless cars is realized and there is enough data. In addition, he believes the battery is safer than a traditional gas tank.

Shen said he does not agree with the idea NEVs are facing overcapacity.

"It would be great if 100,000 electric smart cars could be produced per year, and we want to be the first one," Shen said.

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349