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Yutong, Zhongtong, Ankai take up half of RMB 16.8 billion new energy vehicle subsidies

Daisy From Gasgoo| December 01,2017

china new energy subsidy, yutong subsidy, ankai subsidy

Shanghai (Gasgoo)- On November 28th, the Ministry of Industry and Information Technology disclosed the second list of new energy vehicles financial subsidies in 2016. According to the department, a total of 70 enterprises apply for new energy vehicle subsidy to promote a total of 57,816 units, and the total applied funds are RMB 16,841, 092,000. The number of new energy vehicles approved by experts is 57,494 units with a total of RMB 16,764,308,000.

Up to now, the Ministry of Industry and Information Technology has released two lists of 2016 new energy vehicles subsidies. 

 At the second list, Yutong Bus gets the most subsidies with RMB 5.856 billion, accounting for 34.93% of the whole subsidies. Zhongtong Bus ranks second with RMB 2.295 billion, accounting for 13.69%, followed by Ankai with a total of RMB 0.848 billion, accounting for 5.01%.

It is worth mentioning that Xiamen Jinlong, Xiamen Jinlv and Suzhou Jinlong all rank top ten, with a total of 1 billion 792 million Yuan of the second batch of new energy vehicles subsidy funds in 2016.

From the perspective of provinces, the top ten provinces account for 95.7% of the whole sum. As the hometown of Yutong Bus, Henan province gets the most subsidy funds, up to RMB 5.856 billion, accounting for 34.93%. Also, because of Zhongtong, Shandong province gets RMB 2.987 billion, ranking second. The total sum of the two provinces has exceeded half of the total subsidies.

In the second list, there were only 322 units which did not pass the examination. The major reason is the inconsistency of battery and motor with announcement. Or the cars are not in the recommended directory.

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