3C Holdings appointed to help raise capital for government electric car project
3C Holdings wins government bid to raise capital for electric cars subsidies with the aim firmly set on sustainability and green markets.
- (1888PressRelease) April 26, 2024 - To stimulate demand, China's government decided that instead of eliminating purchase subsidies, per-vehicle subsidies for EVs would be cut by only 10%, 20%, and 30% year-on-year in 2020, 2021, and 2022 respectively. They were cancelled at the end of 2022 (Ministry of Finance of China, 2020)
Life after subsidies continued its course as independent financial firms started competing for a spot in the government program. China's plan is to offset their carbon emissions by 30% till 2030 and so far, they are beyond the target. With players like BAYDU- the largest electric car manufacturer in china and largest in the world by volume, things are looking up on the sustainability front.
Their production facilities expanded by 10% per annum due to the huge demand on the market – a deal sweetened by the government subsidies that encourages consumers to opt for an electric car instead of a traditional vehicle. Financial firms benefit from winning government bids by obtaining early stock options, exclusive allocations and diminished risks for their investors and at the same time, being involved in an ethical strategy of making money.
Saving money, energy and the planet one electric car at the time and one independent subsidy at the time. 3C is a recognized financial consultancy firm with an appetite for green markets and sustainability, with various projects in the medical field, biotech, green energy and research.
About Us - 3C Holdings
We’re proud to be an asset management company whose culture is driven by strong values and a long-term vision. At 3C Holdings, our vision, mission and core values serve as the catalyst in our relations with our clients, employees, shareholders and in the communities in which we live and work.
Investment involves risk. The value of investments can go down as well as up and an investor may get back less than the amount invested. Past performance is not a guide to future results.
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So, however you shape your portfolio, you can be sure that these principles run through everything we do.
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