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China Moves Forward with Electric Cars

China has announced its plan to require auto manufacturers to sell more alternative-fuel vehicles in the country. Companies that manufacture or import more than 30,000 vehicles a year will be required to obtain credits for “new energy vehicles” (including battery electric cars, plug-in hybrids, and hydrogen fuel-cell vehicles) that amount to 10% of annual sales by 2019. In 2020, that...

China Positioned to Lead in Manufacturing Autonomous Vehicles

A number of companies in China are deeply invested in developing driverless vehicles, lending credence to a  Boston Consulting Group study finding China will be the largest market for autonomous vehicles within the next 15 years.  China is well situated to take on the role.  Unlike the U.S., China enjoys strong support for autonomous vehicles at both the local and national levels;...

Tax Cut Propels Auto Sales in China

Sales of passenger vehicles have surged to a ten-month high in China following the cut of a car-purchasing tax. Following a summer slowdown, auto sales climbed 13 percent in October to 1.94 million vehicles. The rebound, coming ten months after the elimination of the tax benefiting auto manufacturers, also follows the trend of increased consumer spending in China. Total vehicle sales...