May 29, 2013 by Joey Wang
Processed gutter oil is expected to be used as bus fuel within two years in Shanghai, as part of efforts to advance a circular economy and prevent recycled cooking oil from returning to the kitchen.
The Shanghai Municipal Food Safety Committee will cooperate with Tongji University and six businesses that process used cooking oil into biodiesel that can power vehicles, said Yan Zuqiang, the committee’s director, in an interview with a local news portal.
March 25, 2013 by Joey Wang
The cost of a car license plate hit a record high at an auction in Shanghai on Saturday, skyrocketing to more than 90,000 yuan ($14,480), despite municipal government efforts at regulating the market.
The Shanghai government said that the price of a secondhand car plate should not exceed the auction price of new car plates, nine days before March’s car plate auction on Saturday, blaming the rising price of secondhand plates for pushing up the new prices.
March 18, 2013 by Joey Wang
The Shanghai government is trying to further regulate the car plate market by requiring that the price of secondhand car plates does not exceed the auction prices of new car plates, the municipal government said on Thursday.
The new move, which will be in force on March 23, the date of the upcoming car plate auction, is the one of the four new measures introduced by the government to fight against speculation and curb surging car plate prices, which were at about 83,571 yuan ($12,736) in February.
May 16, 2011 by Tycho de Feijter
On pic mr Lu Xiaochun, deputy director of Shanghai Municipal Science and Technology Commission. He announced new subsidies in the city of Shanghai for green cars. For plug-in hybrid vehicles the max subsidy is set at 20.000 yuan (3078 dollar). For full electric vehicles the max subsidy is set at 40.000 yuan (6156 dollar).
A very large subsidy indeed and together with existing green car subsidies from the central government the total for a full electric can be as high as 100.000 yuan (15.390 dollar). That sort of money could be a reason to get car buyers interested.