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02 10 2017 02

BEIJING -- China ordered most automakers including foreign producers such as Volkswagen Group and Ford Motor to sell a minimum number of new-energy vehicles every year starting 2019, giving them more time to comply with a key policy shift in the world's largest market.

Under the so-called cap-and-trade policy, automakers will be required to obtain a NEV credit score of at least 10 percent in 2019, and 12 percent in 2020, the Ministry of Industry and Information Technology said in a statement posted on its website.

Carmakers that have production of, or import, more than 30,000 "traditional" vehicles annually must comply. If they don't, companies must buy credits or face fines. Positive credits from 2019 can be carried over to the next year.

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