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Krishna Murali's Blogs >> EVHUB.IN China forms electric vehicle association

China has formed an electric vehicle industry association aimed at developing electric cars.
The 16 state-owned companies participating in the alliance -- including China National Petroleum Corp., China's largest oil and gas producer -- are expected to invest $14.7 billion in electric vehicles by 2012.
The Beijing Times reports that the association wants to integrate technological standards and help Chinese companies master technologies necessary for the production of electric vehicles
"The (Chinese) government could easily underwrite or subsidize the development costs and do it at a time when the global car industry is still reeling," Oded Shenkar, a professor of management at The Ohio State University and the author of "The Chinese Century," told The New York Times.


Read this news article @ http://www.evhub.in/news/226#226