Manufacturing News

China leads world in new-energy vehicle development

According to the China Association of Automobile Manufacturers (CAAM) on Feb. 9, China maintained its position as the world’s largest new-energy vehicle market in 2016, China News reported.

China’s sales of new-energy vehicles amounted to more than 500,000 in 2016, jumping 50 percent from the previous year and accounting for 1.8 percent of all vehicle sales in China, as well as more than 40 percent of global new-energy vehicle sales, according to CAAM.

At present, China is No. 1 in the world when it comes to supply capacity of new-energy vehicles, as the country's main new-energy vehicle enterprises have developed a fairly complete capacity for development, verification, manufacturing, marketing and industrial chains. China is also at the top in electric vehicle battery production, occupying 50 percent of the world market.

Meanwhile, China’s policies, standards and regulations on new-energy vehicles are becoming increasingly complete, as efforts by local governments to promote the consumption and utilization of the vehicles are stepped up. In addition, China set its own new-energy vehicle standards during development and practice, rather than directly adopting international standards.

As for the aggregate performance of China’s new-energy vehicle market in 2017, CAAM offered a forecast that: the market will continue growing to reach a sales volume of 800,000; consumption of passenger vehicles will further rise to account for 70 percent of the total; consumption of long-distance blade electric vehicles will grow; sales of charging facilities will see rapid growth; and cost will lower as production scale increases.

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