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+ - China demands Chevy Volt's IP to approve subsidies-> 1

Submitted by thecarchik
thecarchik (1520545) writes "GM wants to put its Chevrolet Volt range-extended electric car on sale in China toward the end of the year. China requires GM to hand over the intellectual property behind at least some of the Volt's technology to a Chinese company to qualify for generous incentives. The 2012 Chevrolet Volt will be the very first electric or plug-in vehicle built outside China to be sold in noticeable numbers in the country.

Last spring, the rules were changed for the country's "New Energy Vehicle Development Plan" to give generous incentives only to high-fuel-efficiency and plug-in cars that are built in China. It covers battery electric cars, plug-in hybrids, and hydrogen fuel-cell vehicles, but not hybrids. To qualify for the incentives, a Chinese-owned firm must own the intellectual property rights and have "mastery" of one of the qualifying vehicle's three key components: the electric motor, battery pack, or power electronics"

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China demands Chevy Volt's IP to approve subsidies

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