India
The Indian 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 well.
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.
Unlike 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.
Image Source: Google Images
Source: Express Drives
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