Competition to drive stability

Govt allows more players to improve new energy vehicle market health

China is introducing more players into its fledging new energy vehicle sector, a move that analysts believe will help to encourage further competition and fuel the segment's growth.

On Feb 7, the National Development and Reform Commission released two documents via its website, revealing its approval in late January of two plants to be built by Yudo Auto in Fujian province and National New Electric Vehicle in Tianjin.