BEIJING, March 19 (Xinhua) -- The new energy vehicle (NEV) industry in China is expected to usher in a new round of development opportunities as the authorities have successively rolled out policies to promote electrification of vehicles in the public sector, the Xinhua-run Shanghai Securities News reported on Thursday.
The authorities led by the National Development and Reform Commission (NDRC), China's top economic planner, on Tuesday unveiled a circular to build a sound mechanism for promoting new products such as NEVs, and encourage the use of new energy and clean energy vehicles in the areas of public transportation, environmental sanitation, leasing, commuting, urban postal delivery, and urban logistics.
On the same day, the Ministry of Industry and Information Technology (MIIT) revealed that it will develop an action plan to promote the electrification of vehicles in the public sector, and actively promote use of the electric vehicles in areas such as public transport, sanitation, postal services, leasing, and commuting.
"Affected by the COVID-19 epidemic, automobile production and sales, including the NEVs, have fallen sharply. It is expected that this part of the loss will be difficult to make up for by retaliatory consumption later," said Geng Wei, a senior researcher at the National Engineering Laboratory for Logistics Information Technology.
At this time, the promotion of electric vehicles in the public sector through policy guidance will play a positive role in the development of the NEV industry, Geng added.
"With the promotion of policies and market forces, the promotion and application of new energy logistics vehicles is expected to reach a new level," Yang Dong, general manager of Transfar Huilian, a wholly-owned subsidiary of Transfar Zhilian Co.,Ltd. (002010.SZ).
Some experts point out that in the public sector, the NEVs are widely used in the public transportation and sanitation areas, but these vehicles have basically not reached their life cycles. Therefore, the NEVs will be mainly promoted in the market-oriented commuting, logistics and express delivery areas in the future.
It is reported that Cainiao, Alibaba's logistics subsidiary, JD.com, Suning.com, SF Express and other well-known companies replaced their logistics vehicles with the pure electric ones on a large scale around 2018. At the same time, they have promoted the combination of big data, cloud computing and other logistics technologies with the vehicles to create smart new energy logistics vehicles.
According to the Northeast Securities, promoting the use of the electric and new energy vehicles in such areas as urban public transport and urban logistics and distribution will benefit the development of the country's NEV industry in the long term.(Edited by Hu Pingchao, hupingchao@xinhua.org)
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