Global EditionASIA 中文双语Français
Business
Home / Business / Motoring

China to further boost NEV industry: minister

Xinhua | Updated: 2020-05-26 14:45
Robotic arms paint a car at the BYD Automobile Company Limited Xi'an plant, in Shaanxi province, Dec 25, 2019. [Photo/Agencies]

BEIJING - China will step up efforts to support the development of the new energy vehicle (NEV) industry affected by the COVID-19 epidemic, a minister said Monday.

The government has decided to extend subsidies and tax exemptions for NEV purchases by another two years to restore NEV production and sales, Minister of Industry and Information Technology Miao Wei said on the sidelines of the annual national legislative session.

"NEV production capacity in April had basically reached the level of the same period last year," Miao said, adding the ministry is confident in the future development of the industry.

Restrictions on NEV contract manufacturing will be lifted in an orderly manner, while wider use of NEVs in public services will be encouraged, Miao said.

The ministry will also step up the construction of charging facilities and enhance their interconnectivity, Miao said.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US