China: New Government Rules

To date, more than 200 Chinese startups have announced plans to build an electric car.

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Today in China, every refrigerator manufacturer, moped maker, and backyard tinkerer is jumping into the electric vehicle game.

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Right now in China, more than 4000 new models of electric cars are under development. Many of those small companies have no experience building automobiles. Their cars are shoddily made and service after the sale is non-existent.

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The government of China says it will now pick the winners itself. Soon, entrepreneurs will need a license from the government to become an automobile manufacturer. (Existing companies like SAIC and BYD will not need to apply for licenses.)

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335,000 new energy vehicles were sold in China last year. By 2025, the government wants that number to rise to 3,000,000 vehicles a year.

China’s Ministry of Industry and Information Technology published a draft policy document for public comment this month. It listed 17 technologies that companies that intend to sell electric cars must have in order to ensure “healthy” development of the industry. The factors include a control system for the performance and stability of any new energy vehicle, an information system that tracks the sources and conditions of key parts, and a process for recycling or reusing batteries.

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