Major Chinese Car Maker Plans Electric-Only Future

Major Chinese Car Maker Plans Electric-Only Future

A Changan Raeton vehicle is displayed at the Beijing auto show on April 26, 2016. Official policy calls for 7 million EVs to be sold in China in 2025, around a fifth of total vehicle sales. In September the Chinese government told all auto makers, both foreign and domestic, that they must start building electric cars by 2019. A senior official also said the country is planning to ban the sale of gasoline cars, without saying when. Changan, based in southwest city of Chongqing, said it plans to invest more than $15 billion in EV development, and unveiled three […]