Mexican Media Brands
Hyundai, Nissan Accused of Cheating on China’s “Green” Subsidies
Chinese investigators say Hyundai and Nissan are among vehicle producers accused of cheating a government program that subsidizes electric and plug-in hybrid vehicles, the official Securities Daily newspaper reports.
#hybrid #legal
Share
Chinese investigators say Hyundai and Nissan are among vehicle producers accused of cheating a government program that subsidizes electric and plug-in hybrid vehicles, the official Securities Daily newspaper reports.
Yesterday the country’s finance ministry announced it has revoked the production license of one electric-bus manufacturer and fined four others for falsifying their output data. The ministry says the companies fraudulently collected 1 billion ($150 million) in subsidies.
The agency’s actions follow a probe of 90 producers and the claimed output of some 401,000 new-energy vehicles. Securities Daily says Hyundai and Nissan are among at least 20 more manufacturers charged with violations. Others on the expanded list are Geely, Jianghuai Automobile and a unit of BYD.
None of the newly identified companies has yet commented on the list, according to Reuters.
RELATED CONTENT
-
Hyundai Shops for a Partner to Make Electric Scooters
Hyundai Motor Co. is looking for a domestic partner to mass-produce the fold-up Ioniq electric scooter it unveiled at last year’s CES show in Las Vegas, a source tells The Korea Herald.
-
Tesla Owners in Germany Ordered to Return Subsidy
Germany has ordered about 800 Tesla Model S electric cars owners to pay back a €4,000 ($4,700) government subsidy they received.
-
Startup Readies Solar-Powered EV
Germany’s Sono Motors GmbH says it has received 5,000 orders for its upcoming Sion electric car, which can be partially recharged by it attached solar panels.