China to set deadline to end sales of fossil-fuel-powered cars
Chinese government has confirmed that it is working to set a deadline for automakers to end production and sales of fossil-fuel-powered cars in order to accelerate the push into the e-car market.
The decision is expected to have a profound impact on the environment as well as growth of the nation’s auto industry in the world’s second-biggest economy.
The move will also give a big boost to companies like BYD Co. and BAIC Motor Corp., which are leading the nation’s e-car market.
Liu Zhijia, Asst. GM at Chery Automobile Co., “The implementation of the ban for such a big market like China can be later than 2040. That will leave plenty of time for everyone to prepare.”
Chery Automobile Co., which is China’s largest passenger car exporter, introduced the world to a new line for fashionable battery-powered hybrid cars at the Frankfurt motor show a few days back.
In the after-hours trading in Hong Kong, stock in e-car makers BYD and BAIC gained 7.2 per cent and 2.9 per cent to HK$50.65 and HK$7.09 per share.
The process of charging an electric car takes much longer than the conventional process of refueling vehicles with gasoline.
Following Hurricane Irma, normal operations at PortMiami, Fort Lauderdale's Port Everglades and Port Canaveral quickly resumed, but major cruise lines are facing months of disruptions to routes including stoppages at Eastern Caribbean islands that
Following an unanticipated upturn in economic activity in September, the eurozone economy is widely expected to be on track for the best quarter since 2015.
Elon Musk-led electric carmaker Tesla Motors has confirmed that it will discontinue its cheapest version of its Model S e-car, the rear-wheel-drive S60, on coming Sunday.
Motorola’s parent firm Lenovo recently announced the launch of the Moto G5S and G5S Plus smartphones in several markets. The company will shortly share its plan for worldwide launch.
Luxury vehicle maker Volvo has just introduced the 2018 XC40, the company’s latest SUV that looks forward to compete with the Porsche Macan or Range Rover Evoque.