New energy car development hampered in China

Automotive

Saturday, August 30, 2008 06:01:20

	New energy car development hampered in China By STAFF EDITOR Published: June 20, 2008 07:33 PM Three factors are restricting the development new energy cars (NEC) in China, the Shanghai Securities News reported after news emerged that Toyota’s hybrid Prius model sold less than 3,000 units in China over the past two years despite remaining popular outside of the country. Firstly, automakers in China have to receive ... You are currently reading 53 words of 161 total words in this article. To continue reading this article, you must be a subscriber. Log in now. Buy this article now for $10 USD. Not a subscriber? Start your 7-day free trial now. bookmark \| digg \| Permalink \| Tell a Friend Tags for this article: credit , tax , oil , energy , Toyota	More Articles in Automotive > Today’s Daily Briefs E-Mail Sign up for a roundup of the day’s top stories, sent every day. RELATED ARTICLES > Tough road ahead for Chinese auto industry Automakers withstand pressure from rising costs Raised sales tax on big cars unlikely to slow sales 20% tax to be levied on large cars China becomes major performance driver for global automakers Auto industry: costs up, profit margins down Battery vehicle plant launched in Tianjin

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