{"id":695,"date":"2010-06-02T01:46:49","date_gmt":"2010-06-01T20:16:49","guid":{"rendered":"http:\/\/greenworldinvestor.com\/?p=695"},"modified":"2010-06-02T01:46:49","modified_gmt":"2010-06-01T20:16:49","slug":"china-promotes-its-cleantech-industry-through-electric-vehicle-subsidies","status":"publish","type":"post","link":"https:\/\/iiec-india.org\/greenworld\/2010\/06\/02\/china-promotes-its-cleantech-industry-through-electric-vehicle-subsidies\/","title":{"rendered":"China promotes its CleanTech Industry through Electric Vehicle subsidies"},"content":{"rendered":"<p>China is already the world&#8217;s largest producer of Solar Energy Equipment with almost 50% of global marketshare and is looking to dominate the Wind Energy Industry as well.Now it is looking to <a href=\"http:\/\/greenworldinvestor.com\/2010\/05\/13\/have-us-and-europe-already-lost-the-green-industry-leadership-to-china\/\">extend its leadership<\/a> to other sectors of the Clean Technology as well.Major global automakers are already looking to collaborate with Chinese companies\u00a0 in Lithium based Battery technology for Electric Vehicles.<a href=\"http:\/\/greenworldinvestor.com\/2010\/05\/25\/honda-and-coda-both-to-look-to-china-for-battery-technology-for-electic-vehicles\/\">Coda Automotive a US based Electric Vehicle<\/a> startup is going to use Chinese technology for setting up a Li Battery plant in Ohio.<a href=\"http:\/\/greenworldinvestor.com\/2010\/05\/27\/electric-vehicles-four-weddings-and-a-divorce-as-auto-heavyweights-jostle-for-position\/\">Honda and Toyota<\/a> are also looking to collaborate with Chinese companies in setting up EV\u00a0 plants in China.<\/p>\n<p>BYD is one of the world&#8217;s market leaders in Battery and Electric Vehicle Technology while other Chinese automakers like SAIC and Geely are also ramping up their Electric Vehicle plans.The Government subsidies for Electric and Hybrid Vehicles will give a further boost to Chinese companies which have substantial share of the Chinese home market.Note that China is already the largest automobile market in the world overtaking the US\u00a0 in 2009.It is on its way to become the Manufacturing and Technology hub of the next generation of the Auto Industry as well.Contrast this with the decay of Detroit which used to be\u00a0 the world&#8217;s Automobile Capital .<\/p>\n<h3><a href=\"http:\/\/www.reuters.com\/article\/idUSTRE65034O20100601?feedType=RSS&amp;feedName=GCA-GreenBusiness&amp;utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+reuters%2FUSgreenbusinessNews+%28News+%2F+US+%2F+Green+Business%29&amp;utm_content=Google+Reader\">China to subsidize hybrid, electric car purchases &#8211; Reuters<\/a><\/h3>\n<blockquote><p>China said on  Tuesday that it would launch a pilot programme in five cities to provide  subsidies to buyers of electric and hybrid cars, as the government  steps up efforts to cut emissions in the world&#8217;s biggest auto market.Residents of Shanghai and  Shenzhen, as well as Hangzhou and Hefei in the east of the country and  Changchun in the northeast, would receive up to 50,000 yuan ($7,320) in  subsidies if they buy plug-in hybrid cars, the Ministry of Finance said  on its website.The maximum subsidy  for those who bought fully electric cars was 60,000 yuan, the ministry  said.<\/p>\n<p>Taking  cues from the government, the biggest players in the Chinese auto  market, from top state auto group SAIC Motor Corp to rising star Geely  Automotive Holding, have been ramping up efforts to bring low-emission  vehicles onto the roads.SAIC plans  to roll out its first hybrid car this year, while Shenzhen-based car  and battery maker BYD Co, backed by Warren Buffett&#8217;s Berkshire Hathaway,  started retail sales of its plug-in hybrid F3DM in March.The government would also allocate  unspecified funding to bankroll the construction of charging stations  and battery recovery networks in the pilot cities, the finance ministry  added.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>China is already the world&#8217;s largest producer of Solar Energy Equipment with almost 50% of global marketshare and is looking to dominate the Wind Energy Industry<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","content-type":"","footnotes":""},"categories":[80,85,28],"tags":[559,1720,2256,2634,3442],"class_list":["post-695","post","type-post","status-publish","format-standard","hentry","category-china-world-markets","category-ev","category-greeninvest","tag-automobile","tag-energy","tag-green","tag-hybrid","tag-lithium-ion-battery"],"_links":{"self":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/posts\/695","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/comments?post=695"}],"version-history":[{"count":0,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/posts\/695\/revisions"}],"wp:attachment":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/media?parent=695"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/categories?post=695"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/tags?post=695"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}