NEV share slump drags down index
China stocks closed lower yesterday, dragged down by electric vehicle shares.
At close, the Shanghai Composite Index was down 1.19 percent at 3,362.33 points, while the smaller Shenzhen Component Index plunged 1.77 percent to end at 13,656.90 points.
Shares of China Evergrand New Energy Vehicle Group Ltd plummeted 5.2 percent.
The National Development and Reform Commission, China鈥檚 state planner, is asking local governments to investigate NEV projects, including Evergrand鈥檚, according to a report.
The investigation is to clarify the investment on NEVs around the country, an indication that the state planner is preventing overcapacity in the sector, according to analysts.
Earlier, the state planner cut sales of NEVs in the overall sales of automobiles to 20 percent from 25 percent.
- About Us
- |
- Terms of Use
- |
-
RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔$粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.