A detailed list of cheating subsidiaries for domestic alternative energy vehicles spread in the market on September 8th.
The list has a detailed calculation on 93 auto companies, in which 72 companies are involved in cheating subsidiaries with different level, concerning 76,374 units’ vehicles and RMB 9.27b. Apart from the published Suzhou GMC, Suzhou King Long, Shenzhen Wuzhoulong, Chery Wanda Guizhou Bus and Henan Shaolin Bus, involved companies include FAW, Dongfeng, BAIC, SAIC, BYD, Chery, Geely and other domestic mainstream auto companies.
“The list is a calculation of June’s investigation result, not the final one.” One senior manager of an auto company said to reporters. Reporters’ investigation found out that many senior managers of alternative energy vehicle departments admitted that the list is basically true.
Basically, cheating subsidiaries involves such situations: car without license plate, car without charging facilities, unrelated trademark, idle affiliated parties or dealerships. The above situations will be punished of 50% of cheating funds, and no subsidiaries will be given. But unused vehicles by customers, resulted by uncompleted charging infrastructure, will be given some period for use and subsidiaries will be given later. Investigation found out that car without license plate is the most serious situation, mostly happening on buses.
Other companies tried to cheat authorities by false trading with affiliated parties. “The main problem is resulted by loophole of policy.” Most senior managers believe that, false trading will form a price gap between subsidies with manufacturing costs.
“It’s quite common that the industry faces some policy loopholes in its early period, therefore, it’s quite necessary to revise policies.” Many experts hold such a view during investigation. In fact, such cheating behaviors should make us rethink that, whether inclusive supporting policies would make healthy development of market or not. More market mechanism, instead of financial subsidiaries should be used be used to foster excellent enterprises and eliminate out-of-date companies in the futher.
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