China Economic ReviewGeneral Motors (GM; GM.NYSE, GMM.U.TSX) consolidated its position as China’s leading overseas automaker in 2010 as sales rose 29% year-on-year to 2.35 million units, Bloomberg reported. The company expects sales to grow by around 15% in 2011 as Beijing ends the rural subsidies and tax breaks on small engine vehicles that have helped China become […]
The Energy Saving and New Energy Vehicle Industry Development Plan (2011-2020) is to be implemented early next year. The required standards for battery charging equipment should be working in the first half of 2011. This is vital if electric cars are going to forge ahead. Standardised battery charging is totally essential.Chen Quanshi, director of […]
Vehicle license plate applications filed in Beijing on January 1 came to more than double the number to be issued each month under the city’s new quota system, Bloomberg reported, citing state media. The Beijing government said on December 23 that it would set a monthly quota of 20,000 new non-transferable vehicle licenses as part […]
The China Automobile Dealers Association estimates that new car sales in Beijing are likely to decline by 50% this year because of the city’s new license plate policy. Beijing will limit the number of new license plates it will issue this year to 240,000 to help control traffic congestion. Car buyers will have to draw […]
The Beijing government will only register 240,000 vehicles in 2011 – a third of this year’s figure – in an attempt to ease the traffic congestion that is clogging the city, state media reported. According to Zhou Zhengyu, municipal deputy secretary-general, vehicle registration plates starting January 1 will be assigned through a lottery system. "The […]