Caixin
REGULATION

China Pulls Plug on Electric Vehicle Fraud

By An Limin and Coco Feng
Men walk past a Lifan Motors stand at the Beijing International Automobile Exhibition in 2012. Seven new energy car companies including Lifan Motors were punished for fraudulently taking government incentives last Saturday. Photo: Visual China
Men walk past a Lifan Motors stand at the Beijing International Automobile Exhibition in 2012. Seven new energy car companies including Lifan Motors were punished for fraudulently taking government incentives last Saturday. Photo: Visual China

(Beijing) — The Ministry of Industry and Information Technology (MIIT) has punished seven Chinese electric vehicle makers for subsidy cheating.

Nearly 4,500 subsidized electric vehicles produced by the seven companies were found to have less powerful batteries than the firms declared when applying for incentives, according to an MIIT statement published on Saturday.

You've accessed an article available only to subscribers
Try 4 weeks for $0.99
SUBSCRIBE
Share this article
Open WeChat and scan the QR code
Copyright © 2017 Caixin Global Limited. All Rights Reserved.