The government’s hand-holding is beginning to taper off, with subsidies set to end by 2020. It also plans to penalise carmakers that do not produce NEVs from next year
If companies pass the full 25 per cent cost on to consumers, it could potentially snuff out about 2 million sales, or more than 10 per cent of annual US deliveries
US car giant predicts a ‘substantial’ share of its 20 new all-electric vehicles to be introduced by 2023, will be sold in China
Volkswagen eyes further bite of China’s booming sport utility vehicle and electric car sectors with Chinese partner FAW Group
Domestic carmakers showcased seven out of 10 new energy vehicles at this year’s Beijing Auto Show.
Strong annual performances recorded by Guangzhou Automobile (net profit +71.5pc), SAIC (+7.5pc) and Dongfeng Motor (+5.4pc)
Their advice: Conservatism is the way to go this ‘double earth’ year, while the city’s leader and justice minister, likely to have a bumpy road ahead, should keep cool and face challenges bravely