Hengtong Bus Company and Lifan Group have been punished by China 's government for breaking rules on green car subsidies by manufacturing and selling electric vehicles (EVs) with batteries of a lower capacity than advertised. The two China -based companies had previously received around CNY320m ( 4.5bn ) in government support. The Chinese government has accused 331,000 other car manufacturers, including Nissan and Hyundai , of infractions in recent months . BEIJING (Reuters) - In recent months , it spent $ 4.5bn in subsidies, helping quadruple the sales of EVs to 331,000 cars.
Hengtong Bus Company and Lifan Group have been punished by China 's government for breaking rules on green car subsidies by manufacturing and selling electric vehicles (EVs) with batteries of a lower capacity than advertised. The two China -based companies had previously received around CNY320m ( 4.5bn ) in government support. The Chinese government has accused 331,000 other car manufacturers, including Nissan and Hyundai , of infractions in recent months . In recent months , it spent $ 4.5bn in subsidies, helping quadruple the sales of EVs to 331,000 cars.