China NEV sales to grow over 40% each year in next 5 years -industry body

China's new energy vehicle (NEV) sales are expected to grow more than 40% each year in the next five years.Fu Bingfeng, executive vice chairman of CAAM, made the remarks at a conference held by the industry body in Shanghai.
By : Reuters
| Updated on: 19 Jun 2021, 08:30 PM
Representational photo of electric vehicles charging
Representational photo of electric vehicles charging
Representational photo of electric vehicles charging
Representational photo of electric vehicles charging

China's new energy vehicle (NEV) sales are expected to grow more than 40% each year in the next five years, a senior official at the China Association of Automobile Manufacturers (CAAM) said on Friday.

Fu Bingfeng, executive vice chairman of CAAM, made the remarks at a conference held by the industry body in Shanghai.

Fu's presentation showed that CAAM forecasts sales of NEVs, including battery-electric, plug-in hybrid and hydrogen fuel cell vehicles, to hit 1.9 million units this year and 2.7 million vehicles in 2022. (Reporting by Yilei Sun and Tony Munroe; Editing by Muralikumar Anantharaman)

First Published Date: 19 Jun 2021, 08:30 PM IST
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