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  • dbergh1 dbergh1 Jun 25, 2009 10:04 PM Flag

    China urges more support for alternative fuel

    China top political adviser urges more support for alternative fuel vehicles
    June 23, 2009

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    China's top political advisor called Monday for more resources and support for alternative fuel vehicles to boost the car industry and spur the economy.

    Jia Qinglin, chairman of the National Committee of the Chinese People's Political Consultative Conference, a political advisory body, made the call during a visit to Beijing-based FOTON, Asia's largest commercial vehicle manufacturer.

    "Alternative fuel vehicles represent the future of the car industry," he said. Such vehicles would improve the environment, reduce the impact of the financial crisis and trigger new technologies, he said during a research tour.

    Jia, who is also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, urged using innovation as a priority to develop the industry, and improve research and development abilities.

    He also called for more "backbone companies" with their own property rights, brands and market competitiveness.

    Automakers "need to improve production abilities and services. They also need to develop more products and functions to meet market demand," he said.

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    • China Announces Rules for New Alternative-Energy-Vehicle Makers

      By Bloomberg News

      June 25 (Bloomberg) -- China, seeking to damp competition among automakers, announced market-entry rules for companies wanting to build alternative-energy vehicles.

      Licenses for making alternative-energy vehicles will only be awarded to companies that have the capacity to design and develop such models, the Ministry of Industry and Information Technology said in a statement on its Web site today.

      The Chinese government has drawn up measures to help automakers as they struggle to turn surging domestic demand into profits. The nation’s 14 biggest automakers are also due to be merged into 10 to boost margins and help companies fund research into new models, including hybrid and electric cars.

      Alternative-energy automakers must also set up their own procurement systems for purchasing parts under the rules, which come into effect from July 1.

 
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