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Electric Car Purchase to be Subsidized in 5 Cities

New-energy Car Plan to be Tested in 5 Cities

June 1, BEIJING (Xinhua) - China Tuesday released details of its green-car subsidy program designed to boost the nation's auto industry and cut vehicle emissions.
Through the program, subsidies of up to 60,000 yuan ($8,784) will be given to buyers of pure electric vehicles in the five cities chosen for the pilot program, the Ministry of Finance said in a statement on its website.
Buyers of plug-in hybrid cars will receive up to 50,000 yuan in subsidies.
The cities chosen for the pilot program are Shanghai, Changchun, Shenzhen, Hangzhou and Hefei.
China is the world's largest auto market. 
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Electric Car Purchase to be Subsidized in 5 Cities_SMM | Shanghai Nonferrous Metals

Exclusive: China's base metals output in August

SMM Morning Comments (Sep 10): Shanghai base metals were mostly lower as investors eye ECB meeting

SMM Morning Comments (Sep 7): Shanghai base metals were mostly higher on upbeat US jobs data

SMM Evening Comments (Sep 11): Shanghai nonferrous metals declined for the most part, zinc advanced 0.73%

SMM Morning Comments (Sep 8): Shanghai base metals were mostly higher on Tuesday morning  