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China to unveil more incentives for new energy auto industry

BEIJING
2015-12-17 15:54

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China will introduce more favorable policies to support the new energy auto industry, Commerce Ministry spokesman Shen Danyang told Shanghai Securities News on Thursday.

China's new energy vehicle sector has seen explosive growth thanks to the government's support policies including subsidies and tax cuts, as well as improving power battery technology and charging facility networks, said Shen. In the first 10 months of 2015, sales of new energy cars surged 290 percent year on year to 171,145 units, according to data provided by China Association of Automobile Manufactures (CAAM).

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