Mexican Media Brands
China Collects $333 Million from Green-Vehicle Cheaters
China says it has collected 2.3 billion yuan ($333 million) in fines from domestic manufacturers that cheated on a government incentive program to promote the sale of electric and plug-in hybrid vehicles.
#regulations #hybrid
Share
China says it has collected 2.3 billion yuan ($333 million) in fines from domestic manufacturers that cheated on a government incentive program to promote the sale of electric and plug-in hybrid vehicles.
Finance Minister Xiao Jie tells reporters that the penalties resulted from a lengthy investigation last year. The probe of 90 “new energy” vehicle producers found some producers, mainly busmakers, had falsified production and sales data about “green” vehicles. Others collected subsidies for vehicles that failed to meet required technical standards.
The subsidy program was intended to help improve air quality in China’s largest cities. Investigators eventually cited dozens of manufacturers for cheating to receive payments.
RELATED CONTENT
-
Takata Recalls Another 3.3 Million Airbag Inflators in U.S.
More than a dozen carmakers are preparing to recall another 3.3 million vehicles in the U.S. to replace Takata Corp. airbag inflators that could explode in a crash.
-
BMW Granted License to Test Self-Driving Cars in Shanghai
BMW AG has become the first foreign carmaker to win permission to test autonomous vehicles on public roads in China, according to the Shanghai Daily.
-
Toyota Targets 2021 Launch for V2V Tech in U.S.
Toyota Motor Corp. plans to expand its vehicle-to-vehicle communication technology to the U.S. by 2021 and offer it across most Toyota and Lexus models in the country by mid-decade.