China launched on Monday this year’s first list of recommended green energy vehicles, leading the way for 185 car models to get government subsidies.
Beijing has invested billions of dollars promoting electric and plug-in hybrid vehicles to help the domestic automobile market establish the technology to leapfrog worldwide rivals, while also decreasing frequent bouts of heavy city air pollution.
However the discovery of extensive cheating in the subsidy program has triggered the government to step up oversight, cap subsidies, and increase technical standards for applicants.
As a result, all models formerly approved for government subsidies are needed to reapply this year.
The list provided by the Ministry of Industry and Information Technology (MIIT) consisted of vehicles from BAIC Motor Corp, Geely Automobile Holdings, BYD Co Ltd, Chongqing Changan Car, and Chery Car.
Beijing is expected to approve more automobile models later this year. The government released 5 lists in 2016, okaying to 2,193 car models.
The ministry on Monday likewise approved numerous cars that use “ternary” lithium-ion batteries, which utilize the chemical components of nickel, cobalt and manganese (NCM).
NCM batteries, which Korean companies LG Chem and Samsung Electronic mostly make, were ineligible for subsidies under 2016’s rules.
Beijing lifted those limitations this year after requiring companies business to carry out more extensive safety testing.
