China takes road to global auto power
By Li Fusheng | China Daily | Updated: 2017-04-26 07:32
Govt to promote innovation, step up R&D in new energy vehicles and smart cars
China is set to build a globally competitive automotive industry within 10 years, with new energy vehicles and smart, internet-connected cars taking the lead worldwide, according to an industry guideline released on Tuesday.
Among other goals, it expects sales of electric, plug-in hybrids and fuel cell cars in the nation to reach 2 million by 2020, and such cars are to account for 20 percent of all auto sales by 2025.
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