China Plans to Kill Local Subsidies for Electric Cars

The Ministry of Finance is working on a plan that would mandate authorities to phase out the incentives to discourage protectionism and help rein in state expenditure, people familiar with the matter said, asking not to be identified discussing...

China Will Lead an Electric Car Future, Ford's Chairman Says

Speaking in Shanghai, William C. Ford Jr., Ford Motor’s longtime executive chairman, outlined why in an unusually blunt comment. “When I think of where E.V.s are going,” he said, using an abbreviation for electric vehicles, “it’s clearly the case...

Tesla Strikes Deal with Shanghai to Build Factory in China

Electric-car maker Tesla Inc. has reached an agreement to set up its own manufacturing facility in Shanghai, according to people briefed on the plan, a move that could help the company gain traction in China’s fast-growing EV market.

BYD Predicts Ambitious China Shift to Electric Cars by 2030

All vehicles in the country will be “electrified” by 2030, which could range from full electric cars to mild hybrids, Chinese automaker BYD Chairman Wang Chuanfu said on Thursday. BYD, backed by Warren Buffett, has already invested heavily in the...

China Fossil Fuel Deadline Shifts Focus to Electric Car Race

China will set a deadline for automakers to end sales of fossil-fuel-powered vehicles, becoming the biggest market to do so in a move that will accelerate the push into the electric car market led by companies including BYD Co. and BAIC Motor...