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. In January, China cut the purchase tax on passenger cars to 5% for models with engine displacements of less than 1.6

China 218

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.

Stimulus Package 150

Stimulus Package China Sale Minivan 150

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. Ener1 purchased $21.3 Net loss in 2008 was $43 million, compared to a loss of $51.7 million in 2007. million of equipment during 2008, of which $7.2

Li-ion 150

Li-ion 2008 Lithium Ion 2007 150

Cars That Think

MARCH 28, 2023

Meanwhile, the mid-2022 passage of the CHIPS Act in the United States yielded a multi-billion-dollar investment pool, some of which dedicated to ramping up American manufacturing of the mature-generation chips upon which many industries—auto and otherwise—are so dependent. considered getting into the chip-stimulus game as well.

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South Korea Auto Industry United States Supplies 142

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

Grant 150

Grant Supplies Auto Industry Industry 150

Revenge of the Electric Car

MAY 17, 2010

Similarly, in China, the sheer size of the auto industry and the country’s ambitious clean-energy goals suggest a potentially huge market for electric cars. China overtook the US last year as the largest auto market in the world. The third phase will be released around 2015. US, China partner on electric cars.

China 133

China E6 Gasoline-Electric Chinese 133

Green Cars News

AUGUST 11, 2009

If you listen to US President Barack Obama it has been a long time coming – his decision to pour $2.4billion of stimulus money to make America a global leader in electric and hybrid car development comes as the country plays catch up to the likes of Japan and even China in the green car race (see article ). “I Who will benefit? Our verdict.

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Green Electric Cars Stimulus Obama 51