IN BRIEF (Page 9)

EV sales to go up by 60% in 2018

The State Grid Corp of China has forecast a 60 percent increase in electric vehicle sales in China, which already accounts for the lion's share of EV sales worldwide this year. There were about 3.2 million EVs in the world by the end of 2017 and more than half of them, or 1.7 million, were in China, said Wang Min, executive vice-president of State Grid, in his address to the CERAWeek, an annual energy conference organized by US business company IHS Markit, in Houston, Texas.

Shanghai economy up 6.9% in 2017