EV talent commands respect, big salaries
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E-mail China Daily, August 18, 2016
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Jack Ma, founder and executive chairman of Alibaba Group Holding Ltd, sits in a newly launched sedan model of the Roewe RX5, an internet-connected SUV, jointly made by Alibaba and SAIC Motor Corp, last month in Hangzhou. [China Daily] |
China's biggest iPhone maker, largest e-commerce company and leading internet-video producer are all in the hunt to build electric vehicles or EVs -- and to grab the small pool of available talent to build them.
All of this is great news for marketing professional Ronan Lu, 32. The bidding wars see some workers earning double their peers' salaries and others landing jobs with minimal experience, according to recruiters.
"Many companies offered me job opportunities with good payment, but I chose LeEco because I believe it has great potential," said Lu, who left Toyota Motor Corp to join LeEco's auto division in Beijing last month.
"Startup EV companies usually can offer a higher salary than traditional automakers. You can get good rewards from stock holdings in such companies."
More than 200 Chinese companies－their backers include Terry Gou, Ma Huateng, Jack Ma and Jia Yueting－are developing 4,000 models of new-energy vehicles or NEVs and unveiling prototypes at motor shows and home-electronics expos.
Traditional automakers and a bevy of startups see opportunity in the government's commitment to boost yearly sales of NEVs by a factor of 10 in the next decade.
China surpassed the United States last year to become the world's biggest market for NEVs, a fleet comprising electric vehicles, plug-in hybrids and fuel-cell cars. Domestic automakers sold 331,092 units in 2015, according to the State-backed China Association of Automobile Manufacturers.
The Chinese government has set a sales target of 3 million units a year by 2025. China also is accelerating construction of charging stations to serve 5 million EVs by 2020.
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