BEIJING -- China unveiled late Thursday a long-anticipated easing of foreign investment curbs in the auto industry and other key sectors as Beijing moves to open its markets further. China's National Development and Reform Commission published on its website a new version of the so-called negative list, which sets out industries where foreign investment is limited or prohibited, that will take effect July 28. In addition to confirming already announced pledges to fully remove
The number of electric vehicles on roads worldwide rose to a record high of 3.1 million in 2017, but more research, policies and incentives are needed to drive further adoption, the International Energy Agency said.
The number of electric cars, including battery-electric, plug-in hybrid and fuel cell electric passenger light-duty vehicles, increased by 57 percent compared with 2016, the IEA said in a report.
China accounted for 40 percent of the global total last year.
China will end foreign ownership caps on local auto companies by 2022 and will remove restrictions on new-energy vehicle ventures this year, a major shift that will open the market wider to carmakers such as Nissan and Tesla. The country will remove limits on companies making full electric and plug-in hybrid vehicles in 2018, commercial-vehicle companies in 2020 and the wider passenger vehicle market by 2022, China's state planner said in a statement. The move, which comes am
China is both the most-polluting nation on Earth and, at the same time, its biggest producer of “clean” energy. That’s the paradox of this “factory of the world”, which decided several years ago to take on the energy challengeand gradually reduce its use of coal in favor of hydroelectric, wind, solar and nuclear power. China’s Vice Premier Zhang Gaoli and International Energy Agency Executive Director Fatih Birol met in December, when Birol visited Beijing to discuss China’s
BEIJING (Reuters) - Renault and Brilliance China Automotive Holdings Ltd have formed a joint venture to design and manufacture light commercial vehicles (LCVs) in China, with an aim to sell 150,000 such vehicles a year by 2022, the two firms reported. The venture, Renault-Brilliance-Jinbei Automotive Co, will have manufacturing operations in Shenyang, the provincial capital of Liaoning, they said in a joint statement. It plans to produce and sell multi-purpose vans and commer
An interesting point of view and a very important factor indicated by Jimi Beckwith of autocar. co.uk. Car makers are worried that China’s EV electric sales targets are too strict and have urged the government for more flexible legislation. Car makers from across the industry have written a letter asking China to reconsider its plan to introduce stringent sales quotas for electric vehicles. The Chinese government is planning to introduce quotas that determine how many of each