China carmakers active in green cars

http://chinesecarweb.com/content/images/112008/green-car.jpg

With the economic slow down, the carmakers all over the world are going to invest in green cars. This is the only solution to make the sale rise again. the initial purpose of the green cars was to reduce the cost of use all the cars, because the oil prices were very high. Remember that the Brent topped 150 US dollars a barrel. But now that the oil price is as low as 50 US dollars, if it keeps the current prices for the next 3 years, will people buy green cars? Chances are the price will rise again in three years, especially if China decides to align its oil price to the international prices, so there is a chance that the green cars will go mainstream, but we never know.

China invests in green cars

As a big nation, China will not lag behind the western countries, so a big state financing plan was issued to help national carmaker output a green car to the market. Changan obtained a 2.9 millions US dollars grant from the government to boost its green car research and development. that's not much compared to the money spent by western countries in their programs. What is the state of chinese automakers in the green cars? The most advanced is by no means BYD which has approved the poduction of the F3DM, that will be experimented in 11 cities. The exact date is unknown. SAIC is active too, it will have its fuel cell provided by American Eaton, Geely has a low speed electric Panda (Oops legal issue ahead with Fiat!), as well as Brilliance and Chery.