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Gasgoo.com (Shanghai) - As environmental and energy problems continue to increase worldwide, it is becoming ever more evident that automobiles, with their high rates of fuel consumption and carbon dioxide emissions, are in need of a major reform. Developing new energy vehicle technology has become a major focus of the global automobile industry. China is one of the world's seven major centers of development for this new technology. The government has done its part in implementing new policies to improve knowledge and further development of this new industry. However, due to a variety of factors, China still lags behind other major automotive markets when it comes to this new breed of technology.

Gasgoo.com (Shanghai June 4) - Xu Changming, director of information resource development at the State Information Center, predicts the Chinese passenger automobile market to continue to maintain growth of ten percent over the next decade. Mr. Xu made the statement at a conference held last week discussing the development of own brand manufacturers.