China’s Beijing Automotive Industry Corp – BAIC – is owned by the Beijing Municipal government. Given the central government’s plan to produce millions of electric vehicles, an automaker owned by its hometown should be at the forefront of electric vehicle production right?
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(Reuters) – The Chinese government is said to be looking to prepare at least 10 million car parking spots for electric vehicles by 2020 in a new comprehensive policy due to be announced soon, a top executive at a local automaker said on Thursday.
China relies on foreign oil for more than half of its oil consumption and is looking to