, Columnist
China Helps Big Auto Get Bigger
By ordaining established companies as winners, Beijing risks quashing innovation.
Inside BYD Co.'s Vehicle Assembly Plant and Headquarters
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China's plan to halt new electric-vehicle permits may prevent the market from overheating. But it's also likely to crowd out new energy startups and pave the way for the nation's incumbent manufacturers to gain an even greater share of the world's largest car market.
Make no mistake, China is still committed to its goals of increasing annual sales of electric vehicles, plug-in hybrids and fuel-cell cars by 10-fold in the next decade, part of efforts to cut air pollution and oil imports.1496720366157 Government support to consumers and manufacturers to achieve those targets will persist.