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  • Cars May 21, 2012 | 0 Comments

    China’s “Green Stimulus”: A boost for homegrown auto brands?

    BYD's E6 electric car and a friend

    Sales for automotives from Geely and BYD have lagged so far in 2012, with domestic demand at 15 year lows for the market as a whole. With the struggles of “new energy” hybrids and electrics during recent years well-documented, last week’s announcement of a new year-long policy aimed at boosting domestic consumption of energy efficient autos and other durable goods comes as no surprise. Approximately 6 billion RMB will be set aside altogether, though consumers looking for a new ride will need to purchase a vehicle with an engine smaller than 1.6 liters. But with 2012 an already tough year for Chinese automakers and consumer reception of hybrid and electric cars lukewarm, wider economic tides and industry specific issues continue to dampen demand. Can we expect new government policy to push sales in the next few quarters, or more of the same? ...Read More

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  • January 01,1970


  • January 01,1970


  • January 01,1970


  • January 01,1970


  • January 01,1970