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China revises credit score policy for carmakers to encourage lower fuel consumption of traditional cars


China has revised a credit score scheme for automotive makers, which some complain too favourable to new-energy vehicles (NEVs) and has led to increasing fuel consumption of traditional cars.

The credit score scheme, designed to boost development of the NEV industry given a scale-back of government subsidies, rewards or penalises automakers with positive or negative credits based on their cars' fuel consumption. Those who fail to meet the goals will have buy credits from other automakers or be . . .

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