Electric vehicles will grab a larger share of China’s auto market next year as carmakers add more intelligent features, according to Group Lotus Chief Executive Officer Feng Qingfeng.
“EVs will be the brightest spot in China’s auto market next year and likely account for 30% of new auto sales or higher,” Feng said in an interview in Beijing Wednesday. “Another explosive driving force is that the intelligence level of EVs will see great advancement next year — understanding consumers better and being able to make more decisions independently.”
Lotus Tech, which develops cars for the Lotus brand, is tapping the potential for sports cars in the world’s biggest auto market against a small pool of competitors including Porsche Automobil Holding SE and BMW AG. New energy vehicles, which include plug-in hybrids and electric cars, accounted for just under 13% of China’s auto market in the first 11 months of this year.
Now Rackham is working on a new Lotus platform for the electric era that could end up matching the Elise underpinnings for both longevity (if required) and for model proliferation, both within Lotus and outside.
“We’re way ahead of the game now,” he told Autocar. It can be stretched from the size of the Porsche 718 Cayman to the Ferrari SF90 Stradale and will be offered to anyone. “This platform will underpin many vehicles from different manufacturers,” he confirmed.