General Motors is attempting to break into the already massive and growing Chinese market with its new electric vehicle, the Chevy Volt. The cost of entry into the market, however, may be the forced transfer of its electric engine technologies, according to The New York Times.
According to the report, unless the American company gives up the technologies to a company partially owned by the Chinese government, it will not qualify for consumers subsidies of up to $19,300 per vehicle.
With all Chinese low-emission vehicles sold domestically receiving the subsidies, it would put GM at a competitive disadvantage if it didn’t receive the same treatment.
To read the full, original article click on this link: China Trying to Force Technology Transfer | Economy In Crisis
Author:Dustin Ensinger
