21 Mar '16, 12pm

Chinese investors make 'long bets' on electric-car companies

Chinese investors make 'long bets' on electric-car companies

Stephen Edelstein 207 views Mar 21, 2016 courtesy Bentley Enlarge Photo China's aggressive promotion of electric cars is turning into boon for a few U.S. companies. The Chinese government offers generous incentives for new electric cars, and is pushing companies to develop and sell more of them. That level of enthusiasm is leading Chinese investors to show more interest in U.S. electric-vehicle companies than they might otherwise receive. DON'T MISS: China tweaks electric-car plans to reward success, reduce fraud Some of these companies may not have been able to survive without help from China , suggests Chinese auto-industry expert Alysha Webb in Automotive News (subscription required). One example is Wheego Electric Cars, an Atlanta-based company that makes neighborhood electric vehicles. Back in 2013, the company was looking for funds to expand, and hooked up with Chine...

Full article: http://www.greencarreports.com/news/1102953_chinese-inves...

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via @CleanTechnica

via @CleanTechnica

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