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

2012 Chinese Auto Industry Development Report. The fifth annual report on China’s auto industry—2012 Chinese Auto Industry Development Report—says that the next 20-30 years will be a “critical period” that will see the formation of a global new-energy vehicle industry.

article thumbnail

Tesla’s apparent red carpet treatment in India an effective tool against rivals

Teslarati

BYD’s sales of pure electric cars lag against Tesla’s, but in terms of raw NEV volumes, the Chinese automaker is far ahead of the American EV company. India is an increasingly important market in the auto industry. BYD is also facing an investigation over allegations that it had underpaid import taxes in the country.

India 98
article thumbnail

China Forecast to Produce 12M Vehicles This year

Green Car Congress

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

China 218
article thumbnail

CATARC and UC Davis establish China-US ZEV Policy Lab to accelerate adoption of plug-in and fuel cell cars in US and in China

Green Car Congress

CATARC is China’s the administrative body that oversees and regulates many activities of the auto industry in China, the world’s largest new-car market, and in the US. Major international and Chinese automotive and energy companies will also be invited to participate.

Davis 210
article thumbnail

Li-ion battery maker Boston-Power announces $125M in new financing; focus on and support from China

Green Car Congress

The growth capital and Chinese government incentives will be used predominantly to scale manufacturing, research and development, and business development activities in China for the company’s energy storage technology and products. Boston-Power, Inc., GSR Ventures has offices in Beijing and Silicon Valley. Purcell, Jr., Earlier post.).

Boston 199
article thumbnail

Under US pressure, Mexico refuses to offer incentives for Chinese EV makers – Charged EVs

Baua Electric

After decades of trumpeting “free trade,” and watching industry after industry decamp to China, the US government has apparently decided to draw a red line in front of the auto industry, and protectionism is back in style. US automakers are currently protected from Chinese competition by a 27.5%

Mexico 52
article thumbnail

KPMG survey finds global auto execs ranking fuel efficiency the top consumer priority

Green Car Congress

In fact, Hans Flick, national tax leader for KPMG’s automotive practice noted that executives appear to indicate that the idea of entry level cars may not have met expectations. The 2011 KPMG survey also finds the auto industry heavily investing in future technology, new products and safety improvements. Investments.

Global 218