China Economic ReviewChina’s cumulative investment in new-energy cars has topped RMB8.5 billion (US$1.27 billion), according to Zhang Zhihong, deputy director of the Ministry of Science and Technology’s high technology department. Zhang said the ministry invested US$299.8 million in new-energy cars during the 11th Five-Year Plan which began in 2006 and ends this year. That may sound much […]
In Beijing there are plans to restrict vehicle purchase and registration from January 1. The restrictions are aimed at solving the crippling traffic congestion. The result has been a massive boom in sales. Some buyers said they fear the current tax rebates and trade-in subsidies will be canceled when the new regulations come into force. […]
More than half of the Chinese public has voiced the hope that taxes would be reduced on vehicles. This as the country’s top legislature discontinued soliciting opinions for the draft law on vehicle and boat taxation. A total of 97,295 comments have been received so far, with about 37% in favor of the draft law […]
Beijing’s traffic problems are growing worse. Now the Beijing municipal authorities have decided to bring in their toughest set of policies yet to tackle the city’s notorious congestion. The central idea is to remove millions of private cars from the roads and modernizing the public transportation network to allow it to service more commuters. The […]
Fuji Heavy Industries (7270.TYO), the only Japanese carmaker that doesn’t build cars in China, is likely to produce its Subaru vehicles in the country from April 2012, Bloomberg reported. The company will target annual sales of 100,000 cars, said Ikuo Mori, president of Fuji Heavy. Subaru sales rose 66% year-on-year to 52,039 units in China […]