State-owned Chinese automakers like Changan Automobile have not fared as well with the shift to EVs as privately owned players such as BYD. © Reuters
SHUNSUKE TABETA
BEIJING -- The Chinese government will encourage strategic restructuring and consolidation among major state-owned automakers, which have struggled to keep up with the shift to electric vehicles, a senior official said Tuesday.
Gou Ping, vice chairman of the State-owned Assets Supervision and Administration Commission of the State Council, made the remarks at an EV forum in Beijing. The commission oversees about 100 "central" state-owned enterprises, including China South Industries Group, which owns Chongqing Changan Automobile; Dongfeng Motor Corp., parent of Dongfeng Motor Group; and China FAW Group.