ZuoZhongYou (Tianjin) Electric Vehicle Service Co., Ltd. and ZuoZhongYou (Jiangyin) Electric Vehicle Service Co., Ltd., wholly owned subsidiaries of Zhejiang ZuoZhongYou Electric Vehicle Service Co., Ltd. have obtained the registration approval from the local State Administration of Industry and Commerce for the formation. The Micro Public Transportation (MPT) programme is expected to be officially launched and administered by ZZY-Tianjin and ZZY-Jiangyin with delivery of 1,000 EVs in Tianjin and 500 EVs in Jiangyin expected by the end of 2016.
Tianjin, one of four direct-controlled municipalities of China, is a central city in China and the centre of the Bohai Bay Economic Rim, with a total municipal population of over 15 million. The city is well-known as the base for advanced manufacturing industry in China and also regularly hosts the World Economic Forum, Annual Meeting of the New Champions, also known as the “Summer Davos Forum”. Tianjin has been selected by the central government as one of China’s pilot cities for renewable energy automobiles.
Chinese purchasers of EVs in Tianjin can receive, on a per car basis, the national government subsidy of RMB 45,000.00 (approximately $6,718.00) as well as the Tianjin local government subsidy under its local policy.
Jiangyin is a county-level city of China with approximately 1.6 million inhabitants. It is located on the southern bank of the Yangtze River and administered by Wuxi City, Jiangsu Province. The city is one of the most important transportation hubs in China and its overall competitiveness is top ranked among China’s hundred counties. In addition to the national government subsidy, purchasers of EVs are able to receive provincial and municipal government subsidies under respective local policies.
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