China Carmakers Lead EV Race But Lag in Carbon Shift

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

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Sean O'Meara

Sean O'Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.