23/04/2020
BEIJING (Reuters) – China will cut its subsidies on new energy vehicles (NEV) by 10% this year, and will expand government purchases of NEVs, the finance ministry said on Thursday.
China will in principle cut such subsidies by 20% in 2021 and 30% in 2022, the finance ministry said in a statement. However, it will not cut subsidies on qualified new energy commercial vehicles earmarked for public purposes this year.
Under the plan, China would extend subsidies for NEV purchases to 2022, rather than ending them this year, and extend their purchase tax exemption for two years.
China will slightly lift the requirements for the driving range and power efficiency of cars qualified for the subsidies, the statement said, adding authorities will support the sales of cars with swappable batteries, a technology that has been pursued by Chinese electric vehicle makers Nio Inc (NIO.N) and BAIC BluePark (600733.SS).
Only passenger cars cheaper than 300,000 yuan (34,330.23 pounds) will be offered subsidies, it said. The price is higher than starting price of Tesla Inc’s (TSLA.O) China-made Model 3 sedans.
China also said authorities will give priority to purchase new energy vehicles for government use but did not give further details.
The new policy is effective from April 23. NEVs include battery-powered electric, plug-in hybrid and hydrogen fuel-cell vehicles.
China has set an aggressive goal for NEVs to account for a fifth of auto sales by 2025 compared with the current 5%, as it seeks to reduce pollution and cultivate homegrown champions.
Sales of NEVs, however, contracted for a ninth month in a row in March and were down over 50% from a year earlier, according to data from the China Association of Automobile Manufacturers (CAAM).
Source: Reuters
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10/04/2020
- Malfunction happened during third stage of launch after earlier stages were completed successfully, state media says
- Failed mission is second in less than a month after Long March-7A encountered problems after lift-off on March 16
A Long March-3B carrier rocket blasts off from the Xichang Satellite Launch Centre in Sichuan province in November. A similar launch on Thursday ended in failure. Photo: Xinhua
China’s space programme suffered another setback on Thursday night with its second rocket launch failure in less than a month.
Officials are investigating what caused a malfunction during the third stage of the Long March-3B launch after lift-off from the Xichang Satellite Launch Centre in southwest Sichuan province at 7.46pm with an Indonesian Palapa-N1 satellite, Xinhua reported.
“The first and second stages of the rocket performed well, but the third stage malfunctioned,” the report said.
“Debris from the third stage of the rocket and the satellite fell [to the ground]. The launch mission failed.”
Debris from the failed mission rained down over Guam on Thursday night. Photo: Twitter
China’s state media did not say where the rocket landed, but the office of Guam Homeland Security and Civil Defence said “a fiery object over the Marianas sky” observed on Thursday evening was likely connected to the failed launch.
Video footage of the burning debris falling from the sky was widely circulated on social media.
The setback follows another failed launch on March 16, when China’s new
Long March-7A, a three-stage, medium-lift, liquid-fuel rocket, encountered an “abnormality” minutes after lifting off from its launch site in the southern island province of Hainan.
China’s BeiDou system one satellite closer to full operation
The satellite lost on Thursday – the Nusantara 2 – was built in China for Indonesian telecommunication companies Pasifik Satelit Nusantara and Indosat Ooredoo. It was intended to replace an older satellite to provide internet and broadcasting services in Indonesia and across the Asia-Pacific region to Australia, The Jakarta Post reported earlier this month.
It is not known if the failed launch will have an impact on other Long March-3B satellite launches planned for later in the year.
Introduced in 1996, the Long March-3B – also known as the CZ-3B or LM-3B – has been the main orbital carrier rocket of China’s space programme. It was used to carry many of the satellites that make up China’s BeiDou navigation system, with the latest addition being in March.
For that launch, engineers used parachutes to control where the rocket’s boosters would land after being discarded after lift-off so as to minimise the impact on people living below, state media reported.
The latest version of the Long March-3B entered service in 2007 and is dedicated to launching heavy communications satellites of up to 5.5 tonnes into geostationary transfer orbits.
Source: SCMP
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