From January to August this year, China's new energy vehicles produced a total of 31,137 vehicles, an increase of 328%. Among them, pure electric passenger cars produced 16,276 units, an increase of nearly 7 times year-on-year, and plug-in hybrid passenger cars produced 6,621 units, an increase of nearly 12 times. In terms of sales volume, in the first half of this year, China's new energy vehicles sold 20,477 vehicles, a year-on-year increase of 2.2 times, exceeding the full year of 2013. At the same time, Vice Premier Ma Kai said in a survey in Tianjin that the state will continue to encourage policies to support innovation and development, accelerate the development of power batteries, and promote mergers and acquisitions in the industry to become bigger and stronger. The subsidy policy for 2016~2020 will be introduced at the end of the year.
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