Toyota is in talks with GAC Motor to sell GAC's electric cars in its Chinese dealerships to deal with New Energy Vehicle quotas requirements from 2019.
Tag: china quotas
Chinese car market is the world largest but more than half of passenger car sales still comes from foreign automakers like Volkswagen and General Motors.
General Motors says that it will be able to comply with China's stringent quota levels of New Energy Vehicles (aka plug-in vehicles) that will be required from...
BYD is seen as a winner of the upcoming EV quota and credit system in China, which wil hit many foreign manufacturers already doing business in China hard
Under insistence of automakers, the Chinese government removed the 8% requirement of NEV credits for 2018, but have left 2019's 10% goal in place
China study on when to completely ban the sales of new gas and diesel cars in favor of plug-in technology is now underway
Auto manufacturers aren't very happy with Chinese policy that sets ambitious quotas for EV sales from 2018, and as one might expect, urges easing