Articles Tagged with "Beijing"

Gasgoo.com (Shanghai October 23) - The Ministry of Industry and Information Technology, National Development and Reform Commission, Ministry of Science and Technology and four other government bodies released new legislation to promote the development of new energy vehicles in the public sphere, the China Securities Journal reported today. According to the legislation, the government will try to bring 20,222 new energy vehicles for use as public transport vehicles in Beijing, Tianjin and Hebei, as well as construct 94 new charging stations and 16,200 charging posts. Experts believe that the new infrastructure will greatly benefit the advancement of the new energy vehicle market.

Gasgoo.com (Shanghai September 25) - According to the China Association of Automobile Manufacturers, total production and sales numbers for Chinese automobiles over the first eight of the months totaled 1.52 million units and 1.5 million units, respectively. The two figures represent year-on-year growth rates of 8.61 percent and 7.67 percent, respectively. These rates were much lower in the month of August; with production and sales numbers growing 2.22 percent and 4.04 percent, respectively. Those production and sales figures represent a clear decline from the previous month. Industry analysts point out that dealerships in first-tier cities are suffering severely from market pressures.