Tenet Fintech Group Inc. (CSE: PKK, OTC Pink: PKKFF)
Commercial Lending in China Ready to Tenet!
The lifecycle carbon emissions of electric vehicles are 40 percent lower than those of conventional internal combustion engine vehicles, broadcaster CCTV reported, citing a report from the China Automotive Technology and Research Center.
The Tianjin-based research institute calculated the total carbon emissions resulting from the production and use of the 580 passenger vehicle models on sale in China last year, the report said. Some 392 of them were gasoline-powered cars and 112 were EVs. The report, published yesterday, was the first of its kind.
China’s passenger vehicle supply chain produced 670 million tons of carbon dioxide emissions last year, according to the report. Vehicle use accounted for 74 percent of that, while manufacturing made up 26 percent.
Carbon emissions from new energy vehicles made up about 5 percent of the total from all types of autos, said Feng Yi, general manager of CATARC’s data center.
China is planning to introduce certificates for low-carbon and carbon-neutral products, according to Zhang Xiaolong, GM of CATARC Huacheng Certification.
China’s passenger car sales fell almost 7 percent to 19.3 million last year, while those of new energy vehicles rose 12 percent to 1.2 million. Strong NEV sales were due to the pressure from carbon emissions, according to Cui Dongshu, secretary general of China Passenger Car Association.
Source: Yicai Global