Aug 08, 2024 09:45 AM

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CX Daily: New Rules Set to Give State-Owned Carmakers an EV Boost

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In Depth: New rules set to give state-owned carmakers an EV boost

While China’s three major state-owned carmakers may be latecomers to electric vehicles (EVs), Beijing is pushing for the trio the catch up.

New-energy vehicle (NEV) sales still make up a relatively small proportion of the total vehicle sales of China FAW Group Co. Ltd., Chongqing Changan Automobile Co. Ltd., and Dongfeng Motor Corp. Ltd. Observers put this down to the state-owned enterprises’ (SOEs) aversion to risk and short-term mindset.

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