China's 16 centrally-managed State-owned Enterprises (SOEs) has recently formed an association to assist development of electric cars.
The association, under direct control and guidance of the State-owned Assets Supervision and Administration Commission, will coordinate activities of companies along the upstream and downstream industrial chain and try to avoid overlapping efforts in developing China's electric autos.
The association aims to integrate technological standards and to help Chinese companies master key technologies in making electric vehicles. Car manufacturers China FAW Group, the Dongfeng Motor Corporation and Chongqing Changan Automobile Co, also known as Chana Auto, have joined the association. Dongfeng has also announced that it plans to invest $440 million into programs to help commercialize fuel-efficient powertrains, set up demonstrations and support infrastructure for hybrid and electric vehicles.
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