Friday, August 20, 2010

Business & Technology | China turns on to electric cars | Seattle Times Newspaper

Interesting times

The announcement, analysts say, is another example of how China seeks to marshal resources and tackle industries and new markets. The plan also underlines what China describes as its growing commitment to fight pollution and cut carbon emissions.

According to some reports by state-run media, Beijing intends to invest nearly $15 billion in the venture. If true, that would be one of the world's most ambitious attempts to develop more energy-efficient vehicles.

Business & Technology | China turns on to electric cars | Seattle Times Newspaper

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