China stimulus excites global car brands but drivers look local

Startups have edge over traditional brands in green-vehicle market

20190418 AUTOSHOW-SHANGHAI top

Buick shows off its Velite 6 electric vehicle during the media day for the Shanghai Motor Show on April 17. © Reuters

CK TAN and NIKKI SUN, Nikkei staff writers

SHANGHAI -- Beijing has reignited optimism among global automakers as it considers ways to boost sales of cars and other consumer goods, just weeks after announcing drastic cuts to subsidies for environmentally friendly vehicles.

These proposals include ending the license plate lottery for first-time automobile buyers and relaxing barriers for owners who want to switch to smaller passenger cars.

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