Ma Hengda increases investment in electric vehicles and enters the Chinese and American markets

According to foreign media reports, Indian automotive giant Mahinda plans to enter the two major global automotive markets, the United States and China, and will launch high-end electric vehicles by its Italian subsidiary.

President Mahinda stated in an interview that Mahinda is currently exploring the possibility of producing electric supercars. The above supercar will be launched under a brand and is planned to be sold to the United States. In order to enhance its position in the automotive industry, Mahinda acquired a company that global car manufacturers were eager to emulate in 2015.

It is also pointed out that China, the world's largest automotive market, is also one of the target markets for the Mahinda electric supercar. In addition, Mahinda will increase its investment in the United States and increase its market share in the United States through its subsidiary, South Korea's Shuanglong Automobile Group. Shuanglong Motors plans to inject 1 trillion Korean won into related fields in the next four years. In the past five years, Shuanglong Motors has invested $1 billion in enriching its product line to get back on track. The general manager of Mahinda stated that Mahinda fully supports the investment of Shuanglong Motors and will provide funding for the latter if needed.

At the Seoul Auto Show, it was revealed that Mahinda and Shuanglong plan to develop high-end electric vehicles by 2019 and export their products to the US and Chinese markets. I have great confidence in the future development potential of high-end environmentally friendly vehicles. The world is at a critical point, and the production and usage of electric vehicles will significantly increase.

The importance of low-cost batteries was also pointed out. The battery factory built by Elon Musk will trigger a price war among battery suppliers, significantly reducing battery costs and improving the use of electric vehicles. Regarding the development of Mahinda in the battery industry, it is revealed that Mahinda Group has been conducting experiments on hydrogen fuel and other new energy batteries. "The future is the world of plug-in electric vehicles