China Looks to 'New Energy' Vehicles, Sees Production and Sales Rise from January to July

Researched by Industrial Info Resources (Sugar Land, Texas)--On October 20, 2020, China's General Office of the State Council issued the New Energy Automobile Industry Development Plan (2021-2035). According to the plan, the market competitiveness of China's new energy vehicles will be significantly enhanced by 2025, and major breakthroughs will be made in key technologies such as power batteries, driving motors and vehicle operating systems, while safety levels will be comprehensively improved.