Electric Vehicles
Chery currently offers a few hybrid and full-electric models, and it has established a tentative agreement with a foreign company for mass-production. China subsidizes oil (an incentive for the State to encourage use and manufacture of electric cars), and some of its automakers see opportunities in less mature electric vehicles because Western companies have yet to develop much of a lead in the technology.
In 2010 Chery signed a memorandum of understanding with the American company Better Place for the development of prototype electric vehicles to be used in pilot projects.
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