Reuters recently reported that a Reuters analysis shows that global automakers set off a tide of investment in the field of batteries and electric vehicles and the total investment reaches 90 billion US dollars at present and is still growing. Ford's plan to double its spending on electric vehicles is part of it. Bill Ford, Jr., Executive Chairman of Ford Motor Company, said: "We put all the chips in." To date, the announced investments in electric vehicles include at least $19 billion by U.S. automakers, $21 billion in China and $52 billion in Germany. Daimler, for example, has said it will spend at least $11.7 billion to launch 10 pure electric vehicles and 40 hybrids and said it intends to convert its full range of models, from compact models to heavy-duty trucks, to electric models . The biggest investment came from Volkswagen. The company plans to spend $40 billion by 2030 to build an electric version of its 300+ vehicles worldwide. In the United States, General Motors has been planning to introduce 20 new battery electric vehicles and fuel cell vehicles by 2030, most of them will be built on a proprietary modular platform, which will be launched in 2021. However, executives from the United States and Germany have said that the majority of these investments are for the Chinese market. The Chinese government has announced that it will gradually expand its quota for electric vehicles starting from 2019. In addition, Chinese carmakers have announced aggressive investment plans, including local partners for Ford, Volkswagen and General Motors.