China is reporting that they will invest more than $15 billion dollars in the hybrid and electric vehicles industry during the next decade, according to the Shanghai Securities News.

The Ministry of Industry and Information Technology has completed drafting a development plan for the alternative energy vehicle industry covering the period from 2011 through 2020, the newspaper reported. The ministry may submit the plans to the State Council for approval this month after first seeking feedback from other ministries, the newspaper reported.
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