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Reuters

China set to sell 1.7 million NEVs between Jan-Aug, nearly tripling on-year

China, the world’s biggest vehicle market, is expected to sell 1.7 million new energy vehicles (NEV) in the first eight months of this year, up from 600,000 units in the same period last year, vice industry minister said on Saturday. The comments were made by Xin Guobin, vice minister at China’s Ministry of Industry and Information Technology, at an industry conference in Tianjin hosted by China Automotive Technology and Research Center (CATARC). NEV include battery electric, plug-in hybrid and hydrogen fuel-cell vehicles.