Tag Archives: qualify for subsidies

China to Impose Higher Tech Standards on Electric Vehicle Startups

China’s electric-vehicle industry, with 200-plus companies backed by a raft of billionaires, verges on a massive shakeout as the government imposes stricter technology standards on fledgling manufacturers and considers limiting their number to only 10. The higher standards would be aimed at weeding out the weak, said a senior executive with the state-backed auto manufacturers’ association, and they may push as

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Geely to Divest Interest in 2 Unprofitable EV Subsidiaries

Geely Automobile Holdings has contracted to sell its stakes in two small, unprofitable electric vehicle subsidiaries to its parent, Zhejiang Geely Holding Group Co. The move is part of a plan to “consolidate and enhance its product portfolio and thus brand image by focusing on relatively higher-end automobiles going forward,” Geely said in a statement last week. Geely holds a

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