Yes
PS this is actually a pretty smart move by Great Wall, locking stuff in all the way through the supply chain. I imagine this put the cat amongst the pigeons with other manufacturers.
FWIW
China announced yesterday (28/09) that carmakers who want to produce fossil fuel-powered cars must first obtain a new energy vehicle score by producing zero-emission and low-emission cars, as first reported by Bloomberg. The new rule applies to automakers who make or import over 30,000 fossil fuel cars a year.
Carmakers need to meet the following quotas: by 2019, at least 10 percent of the cars they make must be electric, and by 2020, at least 12 percent must be electrical. If a carmaker doesn’t have enough credits, they will then need to buy them or face fines.
https://www.bloomberg.com/news/arti...new-energy-vehicle-production-quota-from-2019
Once they produce an ok SUV EV for 20 grand, I would be very worried if I was another car manufacturer...
60 cents, page-49
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