‘Tremendous Market Opportunity for U.S. Companies’
Pasadena, Calif.-based Calstart is busily organizing the U.S.-China Clean Truck and Bus Summit 2012, aka China Clean Truck, being held October 30-November 1 in Beijing.
“This is a tremendous market opportunity for U.S. companies,” Calstart says, noting that the commercial vehicle sector in China is in a period of rapid growth, and there is strong city and government commitment to deploying cleaner commercial vehicles. U.S. companies, meanwhile, lead the world in advanced truck and bus technologies.
“Moreover,” Calstart says, “fuel is a higher cost of the operator’s business case in China because vehicle and labor costs are substantially lower.
“Therefore, technologies that reduce fuel cost – like hybrid and electric vehicles – may have higher value in China than elsewhere in the early market.”
Calstart promises to bring together “a select, exclusive group of U.S. and Chinese leaders in a growing market” via a “small, targeted, interactive event where select high-level industry stakeholders and policymakers will explore opportunities for business partnerships.”
Calstart’s partners for the event, which is a joint initiative of U.S. and Chinese industry and ITA, the U.S. International Trade Administration, include the Innovation Center for Energy and Transportation (iCET), the China Automotive Engineering Research Institute (CAERI), and the Commercial Vehicle and Construction Machinery New Energy Powertrain System Technology Innovation Strategic Alliance (CCNP).
BAE Systems and Dow Kokam are helping sponsor the event.
The two-day summit includes an optional third day for technology tours.
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