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Well-funded internet companies in China see electric vehicles as a very smart investment channel. Chinese Internet giant Tencent Holdings Ltd. is a major investor in NextEV, a Shanghai-based startup looking to compete with Tesla Motors. About 500 engineers are working for NextEV to unveil its first electric car in 2017. “Our goal is to build […]

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While the Chinese government is spending heavily on incentives for electric vehicle sales, consumer preferences have been leaning in another direction. Last year, Chinese consumers purchased 189,000 plug-in electric vehicles, the largest number of any country. In a commentary for The Japan Times, Adam Minter, an American writer based in Asia, found it ironic that […]

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