Generous subsidies and a government-led push to become a global auto exporter have attracted hundreds of new entrants to China’s booming electrical vehicle sector.
One of them is Yang Rong, once China’s biggest private car entrepreneur, who fled the country after crossing now-disgraced politician Bo Xilai.
The former head of Brilliance Auto Group has spent the past eight years of his exile formulating an electric vehicle venture called Hybrid Kinetic Group to capitalise on Beijing’s plans to develop new energy vehicles (NEVs).
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