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Author: captainccs Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 68628  
Subject: China's environmental goals Date: 12/25/2013 8:31 AM
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An electric car running on coal fired electricity does not reduce overall pollution but it helps to move the pollution from urban areas to industrial zones which is a palliative until the pollution can be attacked at a more fundamental level. The communist leadership of China does not have much choice if they want to continue moving China into the first world, they must fight pollution while keeping the economy growing.

This is good news for my current favorite investment, Kandi. They expect to ship 2800 EVs in the 4th quarter which will give revenues a huge boost. As the car share program is executed in Hangzhou and extended to other cities, Kandi's growth should be quite spectacular. Chairman Hu said at the annual meeting that EVs should outstrip Kandi's traditional go-kart business in the near future. As I indicated in an earlier post, the price chart seems to be painting the hockey stick curve. To make the transition sustainable Kandi needs the strong growth in revenue which is precisely what Chairman Hu is predicting.

China struggling to meet 2011-2015 environment goals

BEIJING (Reuters) - China is struggling to meet its 2011-2015 targets to reduce pollution, cut greenhouse gas growth and introduce cleaner sources of energy, a report submitted to the country's parliament said on Wednesday.

The report, which covers the 2011-2012 period, said faster-than-expected economic growth was to blame for China's failure to meet environmental targets ranging from energy use to nitrogen oxide emissions.

The state of China's environment has come into particular focus in 2013, with most major cities engulfed by hazardous smog during the course of the year, including Beijing in January and Shanghai earlier this month.


Denny Schlesinger
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