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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

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. Li-ion batteries with ternary cathode materials such as LMO, NCM/NCA, LFP, etc.

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China puts its electric vehicles on center stage - China automotive news

Tony Karrer Delicious EVdriven

and Chery Automobile Co. and Chery Automobile Co. Electric vehicles are "definitely affordable and environmentally friendly technology, and we think theres a huge potential market in China for them," Li Shufu, Geelys chairman, said in an interview Monday. Brilliance Jinbei Automobile Co. Great Wall Motor Co.,

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