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China approves plan for new energy vehicle industry development

October 10, 2020


Abstract : The State Council, China's cabinet, on Friday approved the plan for the new energy vehicle (NEV) industry development, the Xinhua-run Shanghai Securities News reported on Saturday.

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Photo taken on Nov. 30, 2018 shows a charging device and a new energy vehicle at the headquarters of Chinese carmaker BYD in Shenzhen, south China's Guangdong Province. (Xinhua/Mao Siqian)

BEIJING, Oct. 10 (Xinhua) -- The State Council, China's cabinet, on Friday approved the plan for the new energy vehicle (NEV) industry development, the Xinhua-run Shanghai Securities News reported on Saturday. 

The move aims to guide the orderly development of the NEV industry, promote the establishment of a national unified market, and improve industrial concentration and market competitiveness.

According to the plan, the market will play a decisive role in resource allocation and the government will give better play to its role in the formulation of standards and regulations, and the quality and safety supervision. 

The authorities will encourage the development and innovation of vehicle operating systems and power batteries, and support in-depth integration of the NEVs with industries such as energy, transportation, information and communication, according to the State Council's executive meeting on Friday.

Meanwhile, the country will increase policy support for the use of NEVs in the public service sector. Beginning from 2021, of the newly-added or replaced public transportation, rental, logistics and distribution vehicles in the national ecological civilization pilot zones and the key areas for air pollution prevention and control, the NEVs will account for at least 80 percent. 

The plan aims to promote industrial upgrading and promote the growth of the number of NEVs, according to Cui Dongshu, secretary general of the China Passenger Car Association (CPCA).

In December last year, the Ministry of Industry and Information Technology (MIIT) unveiled the draft plan for the NEV industry development, proposing that the NEV sales will account for about 25 percent in 2025, and the average electricity consumption of pure electric passenger vehicles will be reduced to 12KWh/100 kilometers by then. (Edited by Hu Pingchao with Xinhua Silk Road, hupingchao@xinhua.org)

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Keyword: NEV new energy vehicle

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