China has retained the top position when it comes to progress toward an electric vehicle (EV) future, according to the latest EY Electric Vehicle Country Readiness Index. The Index looks at the preparedness of the top 14 vehicle markets for the arrival of EVs based on supply, demand and regulation.
China’s Topband, among the world’s leading specialists in the development and manufacture of intelligent controller solutions, high-efficient motors and lithium batteries for the household appliance and power tools industry, has entered the local market and rented 11,000 square meters in industrial park Olympian or Timisoara, according to real estate consultancy CBRE, which handled the deal.
Renault Group will produce the new Dacia Spring Electric in China, Dacia confirmed Thursday.