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China seen laying down 100b yuan bet on electric vehicles

A customer checking a BYD e6 electric car at a dealership in Beijing early this month. BYD has climbed 34 per cent this year and Geely Automobile has surged 79 per cent in Hong Kong trading.


CHINA has found electric cars a tough sell even after lavishing consumers with subsidies and privileges. After almost certainly failing to meet a target to have half a million of such vehicles on its roads by year end, its next act is to achieve a 10-fold increase by the end of...

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