Business / Auto Policy

Zhongtong Bus receives new-energy subsidy

(China Daily) Updated: 2013-02-04 14:19

Zhongtong Bus and Holding Co in Shandong province will receive an 80 million yuan subsidy from the central government to aid its development of plug-in hybrid and pure-electric buses, according to its statement on Jan 29.

Zhongtong has been making large and medium-sized buses for 40 years and was among the first in the sector to be publicly listed.

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