Green Car Congress

SEPTEMBER 6, 2009

Chinese domestic auto makers were expected to produce and sell more than 8 million units of vehicles in first eight months this year respectively, said Chen Bin, director of the Department of Industry under the NDRC. Sales of China’s domestically-made automobiles totaled 1.09 million units in July, up 63.57

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China Stimulus Vehicles Automobile Manufacturer 218

Green Car Congress

MAY 7, 2009

Bolstered by government stimulus plans, sales of autos in China likely reached a record high of 1.15 Assuming the CAAM figures are borne out by official data, April would be the fifth straight month of growth for the industry. People’s Daily.

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Stimulus Package China Sale Minivan 150

Green Car Congress

SEPTEMBER 20, 2011

Additionally, through its stimulus programs and local industrial policies, the Chinese government is providing a range of grants, low-interest loans and related financial and tax incentives. CEO, Protean Electric and a 32-year auto industry veteran responsible for the development and production of the GM EV-1.

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Boston Li-ion China Lithium Ion 199

Green Car Congress

MARCH 13, 2009

Ener1 said that customer interest in its lithium-ion batteries from all segments remained strong in spite of distress the auto industry and current recessionary economic conditions. Net loss in 2008 was $43 million, compared to a loss of $51.7 million in 2007. Ener1 total assets are $142 million compared to $31 million in 2007.

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Li-ion 2008 Lithium Ion 2007 150

Green Car Congress

MARCH 14, 2009

Meanwhile, adding further downside pressure is that banks in many cases are working to reduce their exposure to the auto industry. With all of the costs and capacity being wrung out of the system, the auto industry may become spectacularly profitable as demand climbs back toward trend levels. Laura Marcero

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Grant Supplies Auto Industry Industrial 150

Green Car Congress

JULY 18, 2011

“Contributing to the short-term over-capacity issue is that manufacturers rushed to build out capacity ahead of demand to (a) capture stimulus funding and (b) try to drive scale to reduce cost. “In the near-term, we expect to see some consolidation in the battery industry, with a few leaders taking the lead.

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Energy Storage Grid 2010 Li-ion 231

Green Cars News

AUGUST 18, 2009

Though the scheme proved so popular that the initial $1billion set aside for it ran out last month, auto sales only rose by 2.4 Of course any upward momentum is to be welcomed and Congress has now approved a further $2billion as an emergency top-up for the programme (see article ). So is this scheme green at all?

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Cash For Clunkers Green Obama Scrappage 36