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China To Boost Central State-owned Automakers

CHINA PRESS
MNI (Singapore)

China will accelerate the release of a special assessment for the electric vehicle business of three central state-owned automakers, FAW Group, Dongfeng Motor, and Changan Automobile, to improve their competitiveness within the industry, China Securities Journal reported. It will adjust assessment indicators to fully consider the operating losses during the strategic investment period of new energy cars but focus on assessing their technology, market share and future development, the newspaper said citing officials.

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