Monday, June 27, 2011

Lithium Charge: China Begins Implementation of "12th five-year" Plan for Electric Cars ilc.v tnr.v, czx.v, cgp.v,, lmr.v, rm.v,,,, jnn.v, abn.v, ura.v, mxr.v, tsla, res, mcp,, quc.v, cee.v, sqm, fmc, roc, li.v, wlc.v, clq.v, lit, nsany, byddf, gm, dai,, hev, aone, vlnc

  China takes Electrification of its transportation system very seriously and Chinese companies are very active now in the Lithium and Rare Earths space securing the supply of this strategic commodities.

"Lithium Drive: Electric Cars: Chinese 12th 5-year plan – New Energy, New Energy Cars. China has promoted Electric Cars to the status of strategic industry, Lithium and Rare Earths are already gaining status of strategic commodities as the base for this new disruptive technology - we will have a far reaching M&A developments from this explosive combination in these very small markets."

China Begins Implementation of "12th five-year" Plan for EVs

By Liu Yuanyuan, Contributor
June 10, 2011   |   

Beijing, China -- Electric vehicle industry insiders recently revealed that China's Ministry of Science and Technology has no plan to publicly release the "12th five-year" (2012-2016) plan for electric vehicles. Nevertheless, the Ministry has already begun carrying out the plan. The application process for the first phase of 77 projects has been completed and the projects have won funding with the ministry totaling RMB780 million (approx US$120 million). There are also plans in place to provide additional funding as the projects progress.
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