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China to mull measures on promoting healthy, orderly development of NEV industry, NDRC

December 17, 2020


Abstract : China's National Development and Reform Commission (NDRC), the country's top economic planner, will mull measures on promoting the healthy and orderly development of the new energy vehicles (NEV) industry, in a bid to create a sound environment for the high-quality growth of the automobile industry during the 14th Five-Year Plan period (2021-2025).

新能源汽车.jpg

BEIJING, Dec. 17 (Xinhua) -- China's National Development and Reform Commission (NDRC), the country's top economic planner, will mull measures on promoting the healthy and orderly development of the new energy vehicles (NEV) industry, in a bid to create a sound environment for the high-quality growth of the automobile industry during the 14th Five-Year Plan period (2021-2025), said Meng Wei, a spokesperson with the NDRC, at a press conference on Wednesday. 

China's NEV industry was hit by the COVID-19 pandemic in the first half of 2020. The market has begun to pick up since July. According to statistics, China sold 200,000 NEVs in November, up 105 percent year on year, while production rose by 75 percent year on year to 198,000 units during the period. The production and sales of NEVs in the whole year are expected to surpass that of last year.

For the whole year, China's auto industry is expected to return to the level of the previous year, with the production and sales of autos amounting to 25 million units. 

In October, the State Council, China's cabinet, approved a plan for the NEV industry development, proposing the goal that the sales of NEVs will make up 20 percent of overall new auto sales by 2025. Besides, efforts should be made to improve technological innovation, build a new industrial ecology, promote industrial integration, improve infrastructure system and deepen openness and cooperation. (Edited by Zhang Yuan with Xinhua Silk Road, zhangyuan11@xinhua.org)

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Keyword: new energy vehicles

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