automotive space is experiencing fast-paced growth towards electrification. New
names are making their debut almost every month. This time around, it is the
smartphone maker Oppo.
Talking of the
launch timeline, electric vehicles from Oppo could launch only after a couple
of years. The development of electric two-wheelers is still at a faster pace in
comparison to electric four-wheelers. Hence, newcomers like Oppo will have a
substantial time to develop new products until the market for electric
four-wheelers picks up the much-needed pace.
Reports suggest that
Oppo is in talks with a slew of component suppliers. Some of these brands are
the top-tier suppliers for the leading OEM brands, which includes Tesla as
Venturing into the
EV space will be a new achievement for Oppo. The company might either plan to
import completely built units in the country or set up a manufacturing unit to
locally produce electric vehicles to keep the costs down. However, the company
has still now revealed its objectives. While the approval for the trademark
filing is still pending as is the case with the Vivo and OnePlus.
Oppo and Vivo, Xiaomi has big plans for the
market. The BBK-owned brands – Realme, Vivo, Oppo, and OnePlus, face
competition from Xiaomi, and hence, it will be interesting to see how this
rivalry benefits the end consumers and the Indian EV space.
Source: Google Images
Source: Express Drives