Index > Authors> NewsTurbo> NEV sector likely to move into the golden age next year

NEV sector likely to move into the golden age next year

Source: The Beijing News | Date: Dec. 7

  • According to the previously released “Made in China 2025” technological roadmap, the government will continue its support for the development of electric vehicles (EVs)m, fuel-cell vehicles, and new-energy vehicles (NEVs) as well as power batteries and electric motors. According to this roadmap, Chinese indigenous brands will sell more than one million pure electric and plug-in hybrid vehicles by 2020, making up more than 70% of the overall NEV sales, and Chinese-made NEV sales are expected to reach three million units by 2025, accounting for more than 80% of the total.

  • In face of the new market situation, both indigenous brands and JV brands have announced their newest green strategies.

  • JAC Motors has announced its plans to develop NEV models, involving pure electric and plug-in hybrid models. In light of its plans, the percentage of NEVs will be increased to 30% of its total output and sales by 2025. JAC will launch at least two pure electric vehicle models and one hybrid model next year.

  • SAIC Motor Passenger Vehicle Co. launched the Roewe E950 last month at Auto Guangzhou 2015 to explore the middle- and high-end NEV market. The company expects to release more than 30 models in this segment. Next year, SAIC will launch one SUV, one pure electric vehicle, and an all-new plug-in hybrid Roewe E550.

  • Geely's goal is to increase the percentage of NEVs to more than 90% of its total vehicle sales by 2020. Starting in 2017, Geely will launch a large number of plug-in hybrid models, covering cars, SUVs, and MPVs.

  • Ford Motor will introduce two NEVs - the C-MAX Energi plug-in hybrid model and the Ford Mondeo hybrid model next year, and more Ford NEV models will be launched by 2020.

  • Volvo is also planning to comprehensively introduce plug-in hybrid models to China to explore the fast-growing NEV segment.