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Henan Xinzheng to launch £¤1.8 billion EV project

XINZHENG, Henan – The 27th Research Institute of China Electronics Technology Group Corp. signed a cooperation agreement with Xinzheng municipal government in Henan Province for a ¥1.8 billion ($285 million) electric vehicle manufacturing project in the city during the 7th China Henan International Investment & Trade Fair in March 2012, reported China Government

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The size of China’s future market

What will be the size of China’s automobile market in 2020? Analysts including OEMs, government research institutions and independent analysts have come up with numbers ranging between 30-40 million in new vehicle sales (including heavy-duty vehicles). Liu Shijin, deputy director of the State Council Development and Research Center, claims in

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