Inspired by new policy, new energy vehicles on a roll

Both sales and production of new energy vehicles in China continued to rise in the first half of this year, and are expected to sustain the growth momentum in the second half, analysts said.

New energy vehicle sales increased 111.5 percent year-on-year to 412,000 units in the first half, while production rose 94.9 percent to 413,000 units, according to data from the China Association of Automobile Manufacturers.

According to Kou Nannan, senior associate with Bloomberg New Energy Finance's advanced transport sector, the upsurge in new energy vehicles during the first half reflects the "consumption in advance", a response to Beijing's gradual reduction of subsidies.