The top
economic planner announced Tuesday that it had approved two electric car
projects, which have secured investment of 6.15 billion yuan (896.5 million
U.S. dollars).
The project
from Fujian Yudo New Energy Automobile Co. has investment of 1.886 billion
yuan, while the National New Energy Vehicle Co. in Tianjin will see investment
of 4.267 billion yuan, according to statements on the website of the National
Development and Reform Commission.
After
construction, the two projects will boast combined output of 115,000 pure
electric cars.
The approval
came as the central government has intensified efforts to encourage the use of
new energy vehicles to ease pressure on the environment, including tax
exemptions, discounts for car purchases and an order for government
organizations to buy more new energy cars.
China sold
507,000 new-energy vehicles last year, an increase of 53 percent year on year.
Sales of pure electric vehicles surged 65.1 percent year on year to 409,000,
accounting for 80 percent of new energy vehicle sales.
An earlier
guideline by the State Council said China will build more than 12,000 new
charging stations before 2020 to fulfill the demands of over 5 million new
energy vehicles.
(xinhuanet)
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