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Chinas Minister of Science and Technology Forecasts Annual Domestic EV Production Capacity to Reach 1M by 2020

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Twenty-five Chinese cities have jointed a pilot program co-sponsored in 2009 by Ministry of Science and Technology, Ministry of Finance, National Development and Reform Commission, and Ministry of Industry and Information, to promote energy-efficient and new-energy vehicles. Wan said that a total of 8.5 billion yuan (US$1.28

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Daimler to take 12% stake in BAIC Motor

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The move, making Daimler the first non-Chinese automotive company to take a stake in a Chinese OEM, deepens an existing strategic partnership. It is also significant so that both companies can actively participate in the opportunities of the Chinese automotive market. Ltd to develop an electric vehicle for the Chinese market.

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BYD and Hertz partnering on EV rentals in China

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As part of the partnership, Hertz will rent BYD’s e6 electrical vehicle (EV) to Chinese consumers, municipalities and government agencies. million yuan ($43 million), based on Chinese accounting standards. Hong Kong dollars ($2.07)—the lowest finish since April 2009 and down 86% from BYD’s highest closing price of HK$85.50

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China Developing National Emission Standard V, Likely to Be Published in 2015

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He made the remarks during the 2009 International Forum on Chinese Automotive Industry Development (IFCAID) held last week in Tianjin. Ren added that State Administration of Taxation and the Finance Ministry are also considering levying a car emission tax in future.

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CCM: demand for ternary Li-ion batteries in China to more than double to 10 GWh in 2016 from 4.4GWh in 2015 due to subsidy fraud and response

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In the wake of the news that five alternative energy vehicle (AEV) makers defrauded the Chinese government of about US$150 million in subsidies, the Chinese government adjusted its subsidy policies for alternative energy vehicles. Subsidy fraud from five Chinese AEV makers in China. Subsidies totaled RMB33.44

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EIA: China promoting both fuel efficiency and alternative-fuel vehicles to curb growing oil use

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Increasing oil demand is requiring increasing imports; since 2009, China has been importing more than half of its petroleum needs. Additionally, in 2012 the Chinese Ministry of Finance announced it would provide annual subsidies up to two billion yuan ($323.6 l/100 km) by 2015 and 47 miles per gallon (5.0 l/100 km) by 2020.

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Volkswagen Group to Invest 4B by 2011 to Expand Activities in China

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Between 2009 and 2011, the Group is to invest a total of €4 billion (US$5.8 The investments are to be financed from the cash flow of the Chinese joint venture companies. In China, we will see clear double-digit growth in 2009 and expect to remain the market leader in the future. percent) in the first half of 2009.

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