By on December 18, 2018

Despite spending a fortune supporting burgeoning automotive manufacturers and opening its door to foreign enterprises, China’s state planner has approved strict new regulations on investments within the industry.

Following a handful of draft proposals earlier this year, China’s National Development and Reform Commission (NDRC) announced it will ban new independent businesses that make only traditional combustion engines while continuing to push for more “new energy” vehicles.

The People’s Republic has what some might call a bit of a pollution problem. But it’s also one of the largest and fastest-growing battery producers in the world; state policy aims for the widespread adoption of electric vehicles. Unfortunately, this left China with hundreds of automotive startups that will never become profitable just as the country enters an economic downturn and its first year of negative car-sale growth in decades. (Read More…)

Recent Comments

  • schmitt trigger: The problem with VW, GM and all established auto manufacturers, is that history shows that...
  • Dan: Yes, China screwed up for about three weeks. We’re still screwing up three months later.
  • Roader: “But it’s also true that China took this much, much more seriously than we’re doing.”...
  • SCE to AUX: +1 from this 2-time EV driver.
  • FreedMike: Well, considering that driving is one of the only things keeping me sane right now, and I can afford the...

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