Caixin
Jan 12, 2019 06:42 PM
BUSINESS & TECH

China Confident It Can Double New-Energy Vehicle Sales by 2020

The domestic industry’s sales boom has been largely the result of government support. Photo: VCG
The domestic industry’s sales boom has been largely the result of government support. Photo: VCG

China’s automotive industry will be able to reach the goal of producing and selling 2 million new-energy vehicles in 2020, even though the industry continues to rely heavily on government subsidies to sell them, Miao Wei, China’s minister of industry and information technology said Thursday.

In an interview with state broadcaster CCTV, Wei said that ministry will pay close attention to the quality and safety of new-energy vehicles, and that he’s confident that their production and sales numbers will reach the 2 million mark in 2020.

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