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While manufacturing plug-in electrified vehicles has become a hot business angle for Chinese-backed startups, about 90 percent of them may soon be out of the business. Inspired by generous government subsidies for “new-energy vehicles,” more than 200 startup companies backed by Chinese billionaires and other investors have entered the market. About 95 percent of these […]

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China’s largest air-conditioning manufacturer Gree will be investing $2 billion in shares to buy a Chinese company that builds electric buses, lithium batteries, and drivetrain components. Gree Electric Appliances will be selling new shares to fund the purchase of Zhuhai Yinlong New Energy Co., Bloomberg reported. Yinlong has been manufacturing batteries for plug-in electrified vehicles […]

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China is considering phasing out subsidies for plug-in electrified vehicles and switching over to automaker mandates similar to California’s system. For China’s “new-energy vehicles” campaign, the government may eliminate its generous incentive program for electric vehicles and plug-in hybrids and transition over to a credit-based system for automakers to follow. Automakers would be required 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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China has been pushing the production and adoption of electric vehicles and is set to continue doing so. By 2012, 25 pilot cities had promoted 27,432 new energy vehicles totally within two years after the subsidy policy was implemented, including 23,032 ones used in public services and 4,400 ones bought by individuals. In March, 2013, […]

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