China: Govt to invest US$15bn in alt energy vehicles

Over the next ten years, the Chinese government is to invest over Yuan 100bn, approximately US$15bn, in subsidising the country's industry and infrastructure for environmentally friendly and alternative fuel vehicles. Citing a Ministry of Industry and Information Technology draft plan for 2011-2020, Reuters says that around Yuan 60bn will be invested Subscribe to Automotive World … Continued

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• August 4, 2010