China studying when to ban sales of traditional fuel cars
Industry and Information Technology vice-minister urges country's carmakers to adapt to new energy challenge
Beijing
CHINA has begun studying when to ban the production and sale of cars that use traditional fuels, the official Xinhua news agency reported, citing comments by the Industry and Information Technology vice-minister, who predicted "turbulent times" for carmakers which are forced to adapt.
Xin Guobin did not give details on when China, the world's largest car market, would implement such a ban. The United Kingdom and France have said that they will ban new petrol and diesel cars from 2040.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Toyota is investing US$1.4 billion to build another all-electric SUV in US
Airbus net profit soars 28% in first quarter
Carrier AirAsia discloses new listing plans under RM6.8 billion units merger
Baltimore’s trapped ships start leaving as new channel opens
S&P slashes Boeing credit outlook as rating hovers above junk status
Honda to spend US$11 billion on EV strategy in Canada