New energy auto market lift expansion boom

This year, a series of good policies on new energy vehicles have been introduced one after another, especially in the last two months, the industrial policy system is accelerating and improving.

Earlier this year, the State Council promulgated the "13th Five-Year Plan for Comprehensive Energy Conservation and Emission Reduction" and proposed to accelerate the development and expansion of a number of strategic emerging industries including new energy vehicles. By 2020, the output value of green and low-carbon industries such as new energy vehicles will exceed 10 trillion yuan and will become a pillar industry. The "Proposal" required that the proportion of purchases of new energy vehicles by government agencies and public agencies in central government agencies and new energy vehicles cities in the application of new energy vehicles to the total number of vehicles equipped with updated vehicles in that year be raised to over 50%.

The industry believes that the introduction of dual-credit policy and improve the proportion of new energy vehicles to help reduce the financial burden on the government to play a leading role in the market to promote the healthy development of new energy automotive industry. New energy vehicles is to achieve a breakthrough in the country car power. The recent favorable policies for new energy vehicles continue to be introduced, reflecting the government's strategic guidance and support for new energy vehicles.

In recent years, the market for new energy vehicles has expanded rapidly. The latest statistics from the China Association of Steam Turbines show that the production and sales of new energy vehicles all showed a year-on-year increase. In October, the sales volume of new energy vehicles was 92,000 units and 91,000 units respectively, up 85.9% and 106.7% respectively over the same period of last year. From January to October this year, the production and sales of new energy vehicles completed 514,000 units and 490,000 units respectively, up 45.7% and 45.4% respectively over the same period of previous year. According to the statistics from the Ministry of Industry and Information Technology, China has now become the largest production and sales market for new energy vehicles in the world. In 2016, the production and sales of new energy vehicles in China exceeded 500,000 vehicles and accumulated more than 1 million vehicles, accounting for 50% of the global total.