October 26th, 2017
Lu Qun is supposed to be the next Elon Musk of China being the owner of CH Auto, a Beijing car manufacturer. We all know how electric market has risen enormously in China, almost every electrical device on the market is fabricated in China. So why not expand the tradition to modern days and start a competition with Elon Musk? In the past few years China has started to bring huge improvements of technology for the cars industry. Soon they will turn into a real competition for most of the famous brands worldwide. Lu Qun has a good marketing strategy and is absolutely confident of his products.
China’s Tesla competitor is called Qiantu K50 and is entirely made by carbon fiber compared to Tesla S that has a body made of aluminium. The electric revolution has already started in China and specialists imagine a real battle between Chinese car manufacturers in the future. Economy is still booming so people can afford more cars and more expensive cars. In order to fight pollution which is a real problem in big cities, China is the most targeted country in the world to come out with a proper solution. By this we mean high quality and reliable electric cars that can travel long distances but also a fast and easy charging method.
China’s Tesla competitor is estimated to cost 107,000 $ which is not far from a new Tesla. Lu Qun is absolutely confident about the success of his company and the new Qiantu K50 might be a serious hit. Building a 300 million $ next to Shanghai is just the beginning for the successful entrepreneur. He hopes to get support even from China’s Government as the costs at first are high but benefits can be huge for the population. This is similar to what Elon Musk did in America, except the CH Auto will produce 50,000 cars a year. We’ll just have to wait and see how the entire process goes but for sure Lu Qun is the next Elon Musk in China.