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APPENDIX : China commences eco-friendly car sales obligation
➢ ‘China rules.’ It is the cover story of
January edition of ‘MIT technology review’
published by Massachusetts Institute of
Technology, USA.
➢ It says China is leading advanced
technologies from genetic engineering,
semi conductor, rockets to automobiles.
➢ From 2020, Chinese auto OEMs should buy
a credit from other OEMs if their new Key countries’ eco-friendly car restriction
energy car sales fail to meet 10% of their
total sales volume.
➢ Korea Institute for Industrial Economics &
Trade estimates Hyundai & Kia’s
environment penalty would reach KRW 1
tril. by 2022, considering EU’s strong
emission control following China.
BUSINESS CONFIDENTIAL 3 2
