Government Policy

Adapt to the trend of industrial upgrading and green consumption new demand, China's new energy automobile industry has entered an accelerated stage of development. China Association of Automobile Manufacturers data show that from January to June this year, the production and sales of new energy vehicles both exceeded 1.2 million, reaching 1.125 million and 1.206 million, respectively, with year-on-year growth of two times. Compared with the same period in 2019, production and sales increased by 94.4% and 92.3% year-on-year.