China Growth Stocks

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Ernst & Young on e-Cars in China

It looks like China will be front runner in everything electric vehicles. Guess we should focus a bit more on this area. Here's the article:

Ernst & Young Survey Finds Roughly 60% of Chinese Consumers Would Consider Purchasing a Plug-in Vehicle

According to a new survey by Ernst & Young’s Global Automotive Center, roughly 60% of respondents in China said they would consider purchasing a plug-in hybrid or electric vehicle. This percentage is nearly five times that of US, Germany, UK and Japan survey respondents.

Commenting on the findings, Mike Hanley, Ernst & Young Global Automotive Leader, said that the large portion of consumers in China indicating a strong interest in purchasing a plug-in hybrid or electric vehicle—especially for a powertrain technology which is not yet widely available—should be affirming news for automotive manufacturers in China and internationally that are planning to release electric vehicles into the market late in 2010 and early 2011.

There's more: http://www.favstocks.com/ernst-young-survey-finds-roughly-60-of-chinese-consumers-would-consider-purchasing-a-plug-in-vehicle/239828/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+FavStocks+%28FavStocks%29