Guangdong eyes green car growth

Guangdong plans to spend 57.3 billion yuan (HK$70.82 billion) over the next 10 years to lead the mainland in producing new-energy vehicles, but will still fall far short of the sales target.

Despite support from carmakers such as BYD and Dongfeng-Nissan, its expected sales of electric vehicles and plug-in hybrid cars will reach only a tenth of the State Council's target of 500,000 units by 2015.

via Business feed http://www.scmp.com/business/china-business/article/1199784/guangdong-eyes-green-car-growth