The proliferation of small electric vehicles in China and in particular the Shandong province over the past 10 years has been driven in-part by favourable Chinese policy support and restrictions on alternatives such as petrol scooters, but also by loose regulation and a demand for low-cost transport from a fast-modernising, increasingly urbanised population.
Rural Chinese people are choosing small EVs instead of petrol engined cars, because there is no requirement for the driver to have a license and insurance. Plus the vehicles are very simply constructed, and are not subject to the same safety requirements as regulated combustion powered vehicles; so the production costs and purchase price for these simple cars is also low.
The demand for low-speed EVs is growing, and many new, un-regulated EV manufacturers have sprung up to meet it, with more than 20 companies now building low-speed EVs in Shandong Province.
Some of the larger automotive manufacturers have recognised the demand too, and are manufacturing their own low speed EVs for the market, including Shifeng Group, Fulu Motor and Dezhou Baoya New Energy.
But China’s Government have still been under some pressure to introduce new regulation; to ensure these vehicles are safe (more…)
UK Finance news site fool.co.uk has highlighted the fact tht Chinese EV manufacturere Kandi Technologies’ stock has risen 23% since China renewed the financial incentives to promote clean vehicles.
The $9,800 subsidy for purchasing EVs – confirmed until 2015 – is one of the highest in the world, and the the money is being issued through the manufactures to pass on to the consumers, which supports cash-flow for development and production.
From the fool.co.uk website…
[Kandi] was a lightly traded stock until earlier this year when it announced its entry into the electric sedan market. Until that point, Kandi was a small company making mostly go-karts and ATVs in China’s Zhejiang province. It’s still small, generating $12.2 million in revenue in its latest quarter, only $2 million of which coming from the sale of electric vehicles. However, its plan to team up with Geely Automotive to produce electric cars turned heads when the partnership’s sedan was approved by China’s Ministry of Industry and Information Technology in June. A month later, Kandi announced the delivery of the first 100 Kandi-Geely vehicles for a public car-sharing system in Hangzhou City.”
“Kandi shares are trading 49% higher”
Read more about Kandi’s stock rises via finance news site (more…)
Canada’s Ballard Power Systems extended an agreement with Azure Hydrogen Corporation of Beijing to include fuel cell buses in order to help address the air quality issue in China
Azure plans to develop fuel cell bus capabilities in China with Ballard’s technical support and funding from Chinese sources, including both private investors and various levels of Government. Ballard fuel cell power modules are currently powering zero emission fuel cell buses in public transit service across a number of sites in North America and Europe.
China’s rapid economic expansion over the past decade has resulted in a public concern regarding deteriorating levels of air quality.
VANCOUVER, CANADA – China’s rapid economic expansion over the past decade has resulted in a public concern regarding deteriorating levels of air quality. The China State Council is investing 1.8T Yuan (US$288 billion) in the renewable energy industry over the period 2010-15, along with 2.3T Yuan (US$368 billion) on actions designed to save energy and reduce emissions.
Given the size and rapid growth of China’s economy, the country has considerably larger carbon dioxide emissions than other nations, including the U.S. For example, China’s carbon dioxide emissions from fossil fuels accounted for 28% of the global total in (more…)
Chinese state-owned auto-giant Guangzhou Automobile Group’s clever concept hybrid is going to have a special plug…
A marketing plug in the next installment of the Hollywood blockbuster Transformers movie. Apparently the movie series is a big hit in China and much of the latest picture is being filmed there.
The Trumpchi E-jet is only a concept at the moment, but it has a rather interesting drive train, which Guangzhou Automobile Group are developing with the South China University of Technology. The system uses a small (1000cc), four-cylinder petrol engine to power an on-board generator, with an electric motor driving the wheels and “an advanced lithium-ion polymer battery pack” to store power: it’s a plug-in hybrid, obviously.
Clever marketing and I’m sure we will see more and more Chinese cars on the big screen, and hopefully for sale in Europe and the US as they expand their efforts globally. I really like the look of the E-jet.
The new vehicle subsidy in China has been renewed for 3 years – no major change in the policy and no addition of Hybrids as some had been expecting. Hydrogen powered vehicles have been added though.
Pollution is the major factor in China, rather than economic drivers to advance vehicle manufacturing that we see in places like Germany and Japan.
But the policy is none the less designed to benefit Chinese manufacturers, hence the omission of hybrids from the subsidy, despite the fact they would help to reduce pollution faster in the short-term.
“China, under pressure to reduce air pollution, renewed subsidies for individual purchases of electric vehicles for three years, without including hybrid models among new-energy vehicles that qualify for incentives.
The central government will provide as much as 60,000 yuan ($9,800) toward the purchase of an all-electric passenger vehicle and as much as 500,000 yuan for an electric bus, according to a joint statement by the National Development and Reform Commission and finance, science and industry ministries. Fuel-cell vehicles, which are powered by hydrogen, were included for the first time in the plan and will qualify for as much as 500,000 yuan in rebates”