Earlier this year, Honda unveiled a concept version of its Acura NSX at the Detroit Auto Show. Now, the Japanese automaker appears to be taking a speedy approach to hybrid sales in China similar to that mid-engined sports car.
The Changan Automobile Group Co. is no stranger to working on hybrids, but it is going to look for help from PSA Peugeot-Citroën to develop more hybrids and all-electric vehicles. Changan is also working on EVs with LG Chem, so the signs are pointing to a strong commitment to plug-in powertrains in China.
Jianghuai Auto (aka JAC Motors) is a relatively unknown – at least in the U.S. – Chinese truck and SUV manufacturer that has come forth with huge plans to invest billions to produce a million hybrid and electric vehicles in the near future. JAC Motors announced plans to invest 30 billion yuan ($4.43 billion U.S. at the current exchange rate) to set up a joint venture (JV) with Tianjin Zhengdao Stock Investment & Management Co. The JV plans to build at least one million electric a
A report from the Chinese-based Global Times suggests that the automotive industry in China is about to take a dramatic turn. As reported, Chinese lawmakers are discussing a revamped automotive policy that includes a requirement for all new passenger vehicles to come equipped with hybrid technology beginning in 2012. General manager of Chery New Energy Company, Yuan Tao, said that Chinese officials are currently inking out the details regarding the hybrid technology requirement. An insider from
Ever since last summer's Olympic Games put the issues on the world stage, Chinese officials have been working hard to alleviate some of the poor air quality, high traffic and fuel consumption woes that its largest cities have been facing. Various measures have been put into effect, such as banning vehicles on specific days based on license number, lowering taxes on fuel efficient vehicles and raising the price of gas.