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Great Wall launches EV r&d center in Austria
The center will initially develop electric motors and related control systems for EVs, the company said. Great Wall plans to invest 20 million euros (157 million yuan) in the operation by 2020.

Great Wall markets only one EV, a compact sedan. It is expected to launch a plug-in hybrid crossover under its premium Wey band in the first quarter of this year. To expand EV production under China's upcoming carbon credit program, Great Wall acquired a 25 percent stake in Hebei Yuejie Industry Co. last year.

Balance of Market Power
VW Group edges GM in 2017 sales race
"Volkswagen Group said its various brands sold 4.18 million vehicles in China last year"

China launches largest carbon market in the world
"The EU climate commissioner also announced "enhanced cooperation" between the EU and China on emission trading"

Diversity is the key to economic and political evolution.

by Cat on Tue Jan 23rd, 2018 at 09:20:07 PM EST
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