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According to The Wall Street Journal, Honda CEO Takanobu Ito believes that China's nascent car-buying demographic isn't all that interested in hybrid cars – at least not yet. The emissions story doesn't resonate with them, and certainly not for the higher purchase premium such models ...
Bloomberg reports China may be set to step up subsidies for hybrid and fuel-efficient new automobiles. The country's industry minister, Miao Wei, said, "New-energy vehicles are the future. Fuel-efficient cars are now," while speaking with reporters at the National People's Congress. So far, the ...
To say that sales of alt-energy vehicles in China have been dismal would be an understatement. Despite investing million into advanced alternative fuel powertrains, the Global Times reports that many Chinese automakers are facing the tough decision to either ditch their green car plans or continue ...