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New rules threaten to wipe out 90% of China's 200-plus e-car startups

Stricter tech standards, potential cap on firms come as the country grapples with overcapacity, high inventories
Tuesday, August 30, 2016 - 05:50

Many Chinese companies lack the technical know-how to make electric or hybrid cars that measure up to those from Tesla Motors or General Motors.


CHINA'S electric-vehicle (EV) industry, with 200-plus companies backed by a raft of billionaires, is on the verge of a massive shakeout as the government imposes stricter technology standards on fledgling manufacturers and considers limiting their number to only 10.


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