article thumbnail

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

Green Car Congress

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. billion (US$5 billion) as of the end of 2015.

Li-ion 218
article thumbnail

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

Green Car Congress

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.

2015 186
article thumbnail

Deutsche Bank CCA report highlights Chinese global leadership toward a low-carbon economy; 12th Five-Year Plan

Green Car Congress

According to Hu Angang of the Chinese Academy of Sciences, 33.3% The spending in the 12th Five Year Plan for the period 2011 through 2015 represents 60% of the investment capital allocated for the decade. The Draft Plan establishes goals for 2015, in addition to many of the 2020 targets already announced. of total generation.

Carbon 220
article thumbnail

China publishes plan to boost fuel-efficient and new energy vehicles and domestic auto industry; targeting 500K PHEVs and EVs in 2015, rising to 2M by 2020

Green Car Congress

The central government’s plan, posted on its website, is targeting the production of 500,000 plug-in hybrid and electric vehicles by 2015, with output to grow to 2 million units of those types by 2020. 2012 Chinese Auto Industry Development Report. —Energy-saving and new energy vehicle plan. L/100km (40 mpg US) or less.

article thumbnail

Volkswagen building new plant in south-central China with 300K unit annual capacity

Green Car Congress

The new plant in Changsha, being built in cooperation with the Chinese joint venture Shanghai-Volkswagen (SVW), is scheduled for completion end of 2015 and will manufacture approximately 300,000 vehicles per year. billion) investment program being realized by the two Chinese joint ventures in the period to 2015.

China 186
article thumbnail

Financially troubled Enovate reportedly close to getting life-saving money

CN EV Post

Image from Enovate's Weibo) Enovate Motors, the Chinese new energy vehicle (NEV) startup that announced late last year that it would build a production base in Saudi Arabia, is actually facing financial woes in its home market. Enovate has closed eight financing rounds totaling more than RMB 11.5

article thumbnail

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

Green Car Congress

To counter this trend triggered by China’s rapid motorization, the Chinese government is adopting a broad range of policies, including improvements in the fuel economy of new vehicles and the promotion of alternative-fuel vehicles, EIA notes. l/100 km) by 2015 and 47 miles per gallon (5.0 China vehicle sales and gasoline consumption.