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ELECTRIC TRUCKS * China - A Chinese Truck Maker’s Electric Dreams
Hefei,Anhui Province,China -The WSJ (USA)/China Real Time Report, by Norihiko Shirouzu & Shen Hong -10 Aug 2010: ... Jianghuai Automobile Co.’s , known also as JAC Motors, announced Tuesday it plans to invest around 30 billion yuan ($4.43 billion) in new energy cars via a local joint venture. The new company, set up with Tianjin Zhengdao Stock Investment & Management Co., plans to build 1 million new-energy vehicles over a period of eight years after building a plant, Jianghuai Auto said in a statement. The joint venture has registered capital of 700 million yuan ($103.4 million)... Jianghuai Auto’s impending foray into “new-energy” vehicles, such as gasoline-electric hybrids and all-electric battery cars, reflects a looming battle among Chinese auto makers over government money, as they jockey to become one out of “three to five” new-energy auto makers China’s central government is aiming to foster, industry executives say... (Photo: Anhui Jianghuai Automobile facility)
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