Chinese carmakers are worried about new fuel economy standards handed down by the Chinese government today. The rules are intended to lower average fuel consumption to 6.9 liters per 100 kilometers by 2015 and then to 5.0 liters by 2020, Reuters says.
“That’s going to be tough for everyone, especially those small players as they will have to use more fuel-efficient engines and invest in hybrid technologies,” Yale Zhang, director of Greater China vehicle forecasts at consultancy CSM Worldwide told Reuters. The wire could not find current consumption figures. Consumption stood at 7.8 liters per 100 kilometers in 2009 and 8.2 liters in 2008.
Now all we need is a snazzy Chinese acronym. TEA perhaps?