Strong momentum for the Chinese NEV industry

By Martim Facada
Published: Friday, 12 January 2018

The Chinese new energy vehicle (NEV) industry finished 2017 with a strong production and sales performance, and now awaits an update on the new 2018 central and local government subsidies for the industry.

Chinese NEV production and sales figures have come out strong for 2017, the China Association of Automobile Industry Information Department (CAAM) reported in its 2017 automobile industry economic operation report.

Chinese NEV producers reached a total production of 794,000 units, while 777,000 units were sold during 2017. On an annual...