Off the wire
• Small firms raise 26.47 bln yuan on New Third Board  • Iranian soccer league results  • China dominates 1,000m events at 2016 ISU Shanghai Trophy  • Hamas-run interior ministry trains 200 Gazan police officers  • Egypt detains 6 Islamists over assassinating top prosecutor  • China crush Japan for men's table tennis title (updated)  • Results of Chinese Super League  • Chongqing stun defending champions Guangzhou 2-1 in Chinese Super League  • Chinese Super League soccer standings  • Education key in fight against extremism, radical ideologies: youth advocate  
You are here: 　 Home

Geely, Corun cooperate for new energy car technology

Xinhua, March 7, 2016 Adjust font size:

Chinese auto maker Geely and Hunan Corun New Energy, a leading producer of advanced batteries, announced on Sunday to build a technology platform for new energy vehicles (NEVs).

The platform is open to all Chinese car producers with independent brands and nine enterprises have promised to join so far, said Li Shufu, chairman of Zhejiang Geely Holding Group.

Besides, the two companies launched a hybrid power automobile project in Changsha, Hunan Province, in February, and it is expected to start production in 2017.

Since 2014, the government has been subsidizing purchases of NEVs and offering tax exemptions to upgrade the economy and protect the environment.

In its latest move, the State Council announced in February a fresh set of policies including building more battery charging facilities and increasing the share of NEVs in the public transportation system.

The number of new energy vehicles produced in China quadrupled to 379,000 in 2015, according to the Ministry of Industry and Information Technology. Endi