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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 . . .

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