Zhejiang Geely Holdings Group said it will start mass producing methanol-powered vehicles by the end of the year, becoming the latest domestic car maker to make new energy-saving cars which will account for 10 percent of the total production of the industry within five years. The privately-owned car maker plans to launch a methanol version of its Haifeng sedan by the end of 2008, according to a statement released by the company yesterday.
Lifan has announced today, that in June next year it is going to start production of “520” with Compressed Natural Gas. In China, cars with this kind of drive are only a small part of the market, but interest in alternative, ecological sources of drive is getting bigger, because of higher petrol prices and activities to reduce CO2 emission. “520” model will be equipped with additional tank for compressed gas with 65 litres of capacity, situated in a boot. The car will burn 6.22 litres/100 km.