CHINA AIMS TO BECOME POWERHOUSE IN NEW ENERGY VEHICLE MARKET

Published:2017-04-27

 

China wants its auto industry to be producing and selling two million new energy vehicles (NEVs) by 2020, according to a blueprint released on Tuesday.


The plan, jointly released by three government departments including the Ministry of Industry and Information Technology, says the country will aim to empower its automakers to become global leaders, particularly in NEVs and Internet intelligent cars, over the next 10 years.


Auto sales in China hit a record high of 28.03 million in 2016, up 13.7 percent from the year before and ranking the first among all countries, according to the CAAM. About half of the total were Chinese brands.

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