- CNTV English - CCTV News

Homepage > News > Biz >

China grants green light for 71 fuel-efficient vehicles

07-02-2010 08:45 BJT

BEIJING, July 1 (Xinhuanet) -- Subsidies have been granted to 71 fuel-efficient automobile models as China drives ahead to promote vehicles that use less fuel to address pollution and to safeguard energy security, the country's top economic planner said Wednesday.

The vehicles, which have an engine capacity of 1.6 liters or less, will be entitled to a 3,000-yuan (441 U.S. dollars) subsidy per car after they demonstrated they can save fuel consumption by 20 percent, the National Development and Reform Commission said in a statement.

Sixteen Chinese car makers, including BYD Automobile Ltd and Chongqing Changan Automobile Co, will produce the first batch of the vehicles, the NDRC said. More models that qualify for the subsidies will be included in the future, it said.

Auto analysts said the subsidies, which aim to popularize the more costly fuel-efficient vehicles, will enhance their price competitiveness and boost sales.

Shanghai General Motors said it has 12 models in the subsidy list, including Chevrolet Sail, the 1.2-liter Chevrolet Lova, Cruze 1.6MT and the new 1.6-liter turbo engine Buick Regal. The car maker said it would speed up producing new energy vehicles and cut fuel consumption of its models by another 15 percent by 2015.

Guangqi Honda has six models on the list while China's home-grown BYD Co, backed by billionaire Warren Buffett, said its F0 subcompact car is eligible for the subsidies.

Some car makers said they were not sure on what basis the subsidies would be given. An official from Changan Auto said the firm was not sure "whether the subsidies would be given in terms of production capacity or sales."

Despite the under-developed infrastructure for electric vehicles, such as battery-charging stations, China wants about 500,000 green vehicles including hybrids and electric cars on the roads by 2011.

The government has also said it would offer subsidies of as much as 60,000 yuan for plug-in hybrid and electric car makers.

Editor:Xiong Qu |Source: Xinhua

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program