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

  • Ol Shel: What does it gain anyone for this to be classified as a motorcycle? There must be a reason why it...
  • 28-Cars-Later: @Freed I understood what you meant, what I was saying in reply was I have worked with 500 bed single...
  • Lou_BC: Have you asked JD Power for a sample survey?
  • jkross22: Lou, Yet another example of how Canada somehow has avoided the pitfalls of Americans digging in and...
  • Greg Hamilton: Lou, Here is the ultimate endgame. I don’t understand why someone would cheer it on....

New Car Research

Get a Free Dealer Quote

Who We Are

  • Adam Tonge
  • Bozi Tatarevic
  • Corey Lewis
  • Jo Borras
  • Mark Baruth
  • Ronnie Schreiber