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.
As we noted back in April, China was due to pass the United States in amount of CO2 emitted earlier than the previously-expected 2010 date. As our sister site travel blog Gadling noted the other day, that unfortunate mark has come to pass. What an unwinnable race.