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China sets new-energy vehicle sales quota for carmakers; rule starts from 2019

It needs alternative fuel for its 200 million vehicles to cut dependence on oil imports

Beijing

CHINA issued a new regulation that mandates most automakers to sell a minimum number of new-energy vehicles every year from 2019, a key step in the government's efforts to phase out fossil-fuel powered vehicles from the world's biggest auto market.

Under the so-called cap-...

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