China wants to build its own electric K-car industry to boost EV sales
China’s top auto industry group is calling for the creation of a standardized budget electric vehicle category — modeled on Japan’s wildly popular K-car ecosystem — to revive sluggish domestic car sales and bring millions of new buyers into the EV market.
The proposal, from the head of the China Passenger Car Association (CPCA), would target elderly consumers and rural markets where cheap, unregulated electric vehicles have flourished dangerously for years.