Chinese car manufacturers are developing smart cars.The direct cause is the rising price of gasoline.Due to the continuous improvement of consumers' awareness of energy conservation, the development of energy-saving cars requires a lot of investment.China's FAW Group will spend 13 billion yuan on development of its own-brand cars, mainly energy-efficient cars, by 2015, while Shanghai Automotive Group plans to spend 21.4 billion yuan by 2012.The money will be used to develop energy-saving technologies for new cars and develop energy-efficient vehicles to compete.This is expected to speed up the restructuring of China's auto industry, improving the chaos of small and large enterprises.
The most likely reason for Chinese car manufacturers to invest in energy-efficient cars is that the energy-efficient cars have huge market prospects.