Automotive Engery

With the increasing acceptance of new energy vehicles by Chinese consumers, the development of new energy vehicles is advancing rapidly. The preferential policies issued by the government also promote the development of new energy vehicles.The development of the new energy industry also helps to overcome the problems caused by traditional fuels.

Sales of new energy vehicles or NEVs in China are expected to reach 6 million units this year, as the sector's growth gathers momentum on rising popularity among consumers, said the country's major industry association on Tuesday. That swelled NEV sales in the first seven months to 3.03 million units, up 123 percent year-on-year.

"They have exceeded our expectations. So, we are revising up our estimates to 6 million (units) from 5.5 million (units) for this year," said Cui Dongshu, secretary of the association.