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 statement 'Developing an energy-efficient car requires a huge investment' is the most likely reason for Chinese car manufacturers to invest in energy-efficient cars.