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皇冠体育app's 16 centrally-managed State-owned Enterprises (SOEs) will form an association Wednesday, aimed at developing 皇冠体育app's own electric cars, the Shanghai Securities News reported Wednesday.
The association, under direct control and guidance of the State-owned Assets Supervision and Administration Commission, will coordinate activities of companies along the upstream and downstream industrial chain and try to avoid overlapping efforts in developing 皇冠体育app's electric autos.
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Car manufacturers 皇冠体育app FAW Group, the Dongfeng Motor Corporation and Chongqing Changan Automobile Co, also known as Chana Auto, will join the association.
Oil companies including the 皇冠体育app National Petroleum Corporation, the 皇冠体育app Petroleum & Chemical Corporation, and the 皇冠体育app National Offshore Oil Corporation will also join the association. These companies will help build recharging stations, according to 皇冠体育app Business News.
The Shanghai Securities News did not provide a complete list of all these companies invited to join but said the rechargeable batteries maker, the BYD Company Limited, was not included.