BEIJING, March 7 China has recovered 2.3 billion
yuan ($333 million) from companies that cheated a subsidy
program to promote green energy cars, the country's Finance
Minister Xiao Jie told a briefing on Tuesday.
China's central government has spent billions in subsidies
to aggressively promote battery electric and plug-in hybrid
cars, aiming to cut urban air pollution and encourage domestic
car makers to leapfrog global competitors in automotive
Last year, the finance ministry concluded its investigation
into the cheating scandal, with dozens of companies eventually
being named for wrongfully obtaining subsidies.
Automakers, predominantly coach bus makers, were found to
have used various methods to cheat the program, including
fabricating production and sales entirely, selling cars to their
own leasing companies and seeking subsidies for vehicles that
did not meet minimum technical requirements.
($1 = 6.8985 Chinese yuan renminbi)
(Reporting by Judy Hua and Jake Spring; Editing by Richard