Caixin
Caixin Global – Latest China News & Headlines

Home >

ABOUT US

CX Live is Caixin Global's real-time news portal, featuring 24-hour breaking news, short-form analysis, and roundups from business and social media in China.

TRENDING
Foreign Teachers to be Identified Under New Government Rules
China’s GDP Growth Dips to 6.2% in Second Quarter
Huawei Plans Extensive U.S. Layoffs: WSJ
LATEST
Suspected Norovirus Outbreak in Beijing Sickens Hundreds
Foreign Teachers to be Identified Under New Government Rules
Livestreaming Platform Courts Under-25s With Purchase of Networking App
Robot Maker Eyes $500 Million New York Listing
Didi Launches Open Platform to Integrate Third-Party Ride-Hailing Services
EV Startup Xpeng Faces Consumer Wrath
Missing Zhejiang Girl Found Dead After Nationwide Search
Wanda’s Sports Unit Set Price Range for New York IPO
Huawei Plans Extensive U.S. Layoffs: WSJ
China’s GDP Growth Dips to 6.2% in Second Quarter
ZTE Seeks to Cash Out of Shenzhen Property Project
Controversial Chinese Blockchain Entrepreneur Invites Trump to Buffett’s Charity Lunch
China’s Exports, Imports Fall in June
Insurance Giant Ping An Enters Online Education
Xpeng Employee Admits Uploading Tesla Source Code to His Personal Account 
Huawei Chairman Urges U.S. to Remove Company From Entity List
Migrant Women Still Aren’t Getting Help Under China's Domestic Violence Law
Could Huawei Roll Out Its Own Smart TV Soon? 
Amazon Appoints China President as Global China Chief, VP of Cloud Service
Global PC Shipments Rise as China's Lenovo Secures Top Spot
Chinese Government Revises NEV Credit-Score Program

By An Limin and Denise Jia / Jul 10, 2019 07:12 AM / Business & Tech

Photo: VCG

Photo: VCG

The Chinese government is revising a credit-score program for automakers currently in place that some complain too favorable to new-energy vehicles (NEVs) and has led to an increase in the actual fuel consumption of traditional vehicles.

The new draft policy issued Tuesday by the Ministry of Industry and Information Technology aims to encourage the development of new-energy vehicles and at the same time to guide automakers not to ignore the energy-saving features of traditional-fuel vehicles.

Under current rules implemented in April 2018, car companies are measured against a credit-score program tied to their production proportion of NEVs, including electric cars and plug-in hybrids. They must make enough new-energy cars to obtain the credits.

The credit-score program originally aimed to encourage automakers to produce new-energy cars, but the way the scores are calculated is too skewed toward NEV makers and has encouraged carmakers to ignore the energy-saving features of traditional-fuel vehicles.

The revised policy will ease score requirements on those companies that make low-fuel-consumption vehicles.

The new policy will provide opportunities for traditional automakers to develop energy-saving technologies including hybrid vehicles, said Kang Liping, a senior manager at the Innovation Center for Energy and Transportation, a Beijing-based think tank.


Share this article
Open WeChat and scan the QR code
Copyright © 2019 Caixin Global Limited. All Rights Reserved.