Electric Car Companies, Investors Have High Hopes for China

More than 300,000 electric vehicles were bought in China last year — and that figure is set to double in 2016, government officials estimate.

Such statistics easily make China the largest, and fastest-growing, market for electric vehicles, and automakers are taking notice. Car manufacturers, both Chinese and foreign-owned, are taking steps to develop and build electric cars, as the government helps out with subsidies and preferential treatment for buyers of electric cars.

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