2018年CRI Chinese automotive company switches focus to clean energy

 

Wanxiang Group, a major automotive component² manufacturer in Zhejiang Province, is transitioning into an international clean energy company.

Founded in 1969, the Wanxiang Group in east China's Zhejiang Province has successfully transformed itself from a township factory into a major component manufacturer for China's auto¹ industry.

Now, the company has embarked³ on the journey towards producing new energy automobiles⁵.

The manager of Wanxiang Group's Research Institute, Chen Jun, says the powertrain of its latest Karma Series luxury car can be powered by gas, electricity, and solar energy.

"The luxury hybrid⁶ automobile⁴ is the first type of new energy car produced by our subsidiary in Los Angeles according to American standards. It has undergone testing, and has been mass produced and sold in the United States."

Thanks to China's policy of reform and opening up, over the last 40 years, the Wanxiang Group has transformed from being a small-scale agricultural machinery⁷ repair factory into a modern multinational⁸ enterprise, with revenues of more than one hundred billion yuan, which is around 15 billion U.S. dollars, and a profit of over ten billion yuan.

In May 2017, the company's Karma series hybrid went on sale to consumers.

The CEO of Wanxiang Group, Lu Weiding, says the company decided⁹ to move into the electric vehicle market almost a decade ago.

"Wanxiang has always been devoted¹⁰ to making excellent automotive components¹¹. We have always believed that good automotive components are fundamental to China's automobile industry and that the development of automotive components comes ahead of developing a new vehicle."

Chen Jun says the company will invest over 200 billion yuan into building a new research and manufacturing center for new energy vehicle components, batteries, buses, and passenger vehicles, which it is calling its "Innovative¹² Energy Fusion¹³ City".

"Traditional patterns of growth are unable to support the realization¹⁴ of our goal of increasing revenue tenfold in our fifth decade. Therefore, the Innovative Energy Fusion City will surely build a platform that can provide solutions to energy problems. Only big industries can sustain robust¹⁵ development."

As the largest Chinese-invested enterprise in Midwest United States, Wanxiang America owns 21 factories, supplying car parts to a large number of US car makers¹⁶.

1 auto   

n.(=automobile)(口语)汽车

参考例句：

• Don't park your auto here.别把你的汽车停在这儿。
• The auto industry has brought many people to Detroit.汽车工业把许多人吸引到了底特律。

2 component   

n.组成部分，成分，元件；adj.组成的，合成的

参考例句：

• Each component is carefully checked before assembly.每个零件在装配前都经过仔细检查。
• Blade and handle are the component parts of a knife.刀身和刀柄是一把刀的组成部分。

3 embarked   

乘船( embark的过去式和过去分词 )； 装载； 从事

参考例句：

• We stood on the pier and watched as they embarked. 我们站在突码头上目送他们登船。
• She embarked on a discourse about the town's origins. 她开始讲本市的起源。

4 automobile   

n.汽车，机动车

参考例句：

• He is repairing the brake lever of an automobile.他正在修理汽车的刹车杆。
• The automobile slowed down to go around the curves in the road.汽车在路上转弯时放慢了速度。

5 automobiles   

n.汽车( automobile的名词复数 )

参考例句：

• When automobiles become popular,the use of the horse and buggy passed away. 汽车普及后，就不再使用马和马车了。 来自《简明英汉词典》
• Automobiles speed in an endless stream along the boulevard. 宽阔的林荫道上，汽车川流不息。 来自《现代汉英综合大词典》

6 hybrid   

n.(动，植）杂种，混合物

参考例句：

• That is a hybrid perpetual rose.那是一株杂交的四季开花的蔷薇。
• The hybrid was tall,handsome,and intelligent.那混血儿高大、英俊、又聪明。

7 machinery   

n.(总称)机械，机器；机构

参考例句：

• Has the machinery been put up ready for the broadcast?广播器材安装完毕了吗？
• Machinery ought to be well maintained all the time.机器应该随时注意维护。

8 multinational   

adj.多国的，多种国籍的；n.多国籍公司，跨国公司

参考例句：

• The firm was taken over by a multinational consulting firm.这家公司被一个跨国咨询公司收购。
• He analyzed the relationship between multinational corporations and under-developed countries.他分析了跨国公司和不发达国家之间的关系。

9 decided   

adj.决定了的，坚决的；明显的，明确的

参考例句：

• This gave them a decided advantage over their opponents.这使他们比对手具有明显的优势。
• There is a decided difference between British and Chinese way of greeting.英国人和中国人打招呼的方式有很明显的区别。

10 devoted   

adj.忠诚的，忠实的，热心的，献身于...的

参考例句：

• He devoted his life to the educational cause of the motherland.他为祖国的教育事业贡献了一生。
• We devoted a lengthy and full discussion to this topic.我们对这个题目进行了长时间的充分讨论。

11 components   

（机器、设备等的）构成要素，零件，成分； 成分( component的名词复数 )； [物理化学]组分； [数学]分量； （混合物的）组成部分

参考例句：

• the components of a machine 机器部件
• Our chemistry teacher often reduces a compound to its components in lab. 在实验室中化学老师常把化合物分解为各种成分。

12 innovative   

adj.革新的，新颖的，富有革新精神的

参考例句：

• Discover an innovative way of marketing.发现一个创新的营销方式。
• He was one of the most creative and innovative engineers of his generation.他是他那代人当中最富创造性与革新精神的工程师之一。

13 fusion   

n.溶化；熔解；熔化状态，熔和；熔接

参考例句：

• Brass is formed by the fusion of copper and zinc. 黄铜是通过铜和锌的熔合而成的。
• This alloy is formed by the fusion of two types of metal.这种合金是用两种金属熔合而成的。

14 realization   

n.实现；认识到，深刻了解

参考例句：

• We shall gladly lend every effort in our power toward its realization.我们将乐意为它的实现而竭尽全力。
• He came to the realization that he would never make a good teacher.他逐渐认识到自己永远不会成为好老师。

15 robust   

adj.强壮的，强健的，粗野的，需要体力的，浓的

参考例句：

• She is too tall and robust.她个子太高，身体太壮。
• China wants to keep growth robust to reduce poverty and avoid job losses,AP commented.美联社评论道，中国希望保持经济强势增长，以减少贫困和失业状况。

16 makers   

n.制造者，制造商（maker的复数形式）

参考例句：

• The makers of the product assured us that there had been no sacrifice of quality. 这一产品的制造商向我们保证说他们没有牺牲质量。
• The makers are about to launch out a new product. 制造商们马上要生产一种新产品。 来自《简明英汉词典》