China to Soon Approve Production Licenses for Electric Carmakers
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China will soon approve production licenses for a new batch of electric car manufacturers as part of its push to promote the emission-free technology.
More than 10 companies have applied for the manufacturing permits, Miao Wei, the minister for industry and information technology, said in a briefing in Beijing on Thursday. The licenses, meant only for the production of electric vehicles, would be first to be handed out since the government said in 2009 it will encourage consolidation and curb overcapacity in the industry.