NEV makers such as NIO Inc., BYD and Tesla Inc. are expanding manufacturing capacity in China, encouraged by the government to promote green vehicles to cut pollution.
see photosNew energy vehicles (NEVs) include battery electric, plug-in hybrid and hydrogen fuel-cell vehicles.
China, the world’s largest vehicle market, is expected to sell 1.7 million new energy vehicles (NEVs) in the first eight months of this year, up from 600,000 units in the same period last year, the deputy industry minister said on Saturday.
The remarks were made by Xin Guobin, Deputy Minister of the Ministry of Industry and Information Technology of China, at an industry conference in Tianjin organized by the China Automotive Technology and Research Center (CATARC). NEVs include battery electric, plug-in hybrid and hydrogen fuel-cell vehicles.
Xin said total auto sales between January and August are expected to reach more than 16 million vehicles, up about 10% from 2020.
NEV makers such as NIO Inc., BYD and Tesla Inc. are expanding manufacturing capacity in China, encouraged by the government to promote green vehicles to cut pollution.
Shin said total auto sales between January and August are expected to affect more than 16 million vehicles, up about 10% from 2020. But he warned that the coronavirus-induced global auto chip supply shortage still remains a pressure point on China’s auto production.
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He said officials will continue to curb indiscriminate construction of NEV projects and improve supplies of key metals, including cobalt, lithium and nickel. Automakers must protect vehicle data security and customer privacy, Shin said.
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