China to invest $15 billion for green autos and electric car alliance launched

The Chinese government will invest more than 100 billion yuan ($15 billion USD) to subsidize its eco-friendly car industry over the next decade. Read the article or watch the video on the CCTV website. Sixteen Chinese central stated-owned electric vehicle companies have teamed up to form an industrial association in Beijing. The move is in response to the government’s latest policies to boost the country’s electric vehicle industry in the next three years. Read the article or watch the video on the CCTV website.