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The race is on for the lucrative NEV credits

The 2016 Corporate Average Fuel Consumption (CAFC) and New Energy Vehicle (NEV) credits for China’s passenger vehicle manufacturers and importers jointly released by the Ministry of Industry and Information Technology (MIIT), Ministry of Commerce, General Administration of Customs and State Administration of Quality Supervision, Inspection and Quarantine on March 9 reveals some startling disparities among the companies (see Winners and losers: 2016 PV CAFC and NEV credits for 124 companies announced) as the country’s CAFC+NEV “dual credit” policy rolls around the corner on April 1.


No surprises in the NEV credit category as the winners were the same ones that led the country in NEV sales, such as BYD, BAIC BJEV, Geely, Zotye, JAC, Chery and SAIC Motor. But concentration was high. The top five players with the most NEV credits accounted for about two-thirds of the total of near 930,000 NEV credits from the 98 domestic passenger vehicle manufacturers, while the top 10 accounted for nearly 90 percent.


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