China’s carmakers may be leading the way in the transition to electric-powered vehicles but they have fallen behind their global rivals when it comes to supply chain decarbonisation, the South China Morning Post reported.

Environmental group Greenpeace East Asia ranked the world’s 15 largest traditional carmakers, based on the pace of their switch from traditional fossil fuel vehicles to EVs, their supply chain decarbonisation, and their resource reduction and efficiency, the report went on.

Shanghai’s SAIC Motor topped the table in terms of the highest proportion of EV sales among the 15 companies but the company was third when it came to its progress on supply chain decarbonisation.

Read the full story: The South China Morning Post

 

  • By Sean O’Meara

 

Also on AF:

China’s EV Battery Giant CATL Profit Eases on Slower Demand

EV Leader BYD Sees Profit Doubling on Sustained Sales

China Backs Firm Tie-Ups in Smart Vehicle Domination Drive

 

 

The post China Carmakers Lead EV Race But Lag in Carbon Shift – SCMP appeared first on Asia Financial.

Source link