China’s electric vehicle (EV) production could touch 1 million units next year and 3 million units by 2020, said Xu Heyi, chairman of carmaker BAIC Group, on Wednesday, likely exceeding a government set target.

China is aiming to produce 2 million EVs a year by 2020 and 7 million units five years later, amounting to a fifth of total car production by 2025. 

The country produced 424,000 new energy vehicles in the first three quarters of this year, including hybrids, up 40.2 percent compared with the same period of 2016, according to the China Association of Automobile Manufacturers...

...“Rather than the time when gasoline-fuelled cars are withdrawn, it is more important to consider the extent to which new energy vehicles are popularized, or their market share,” Xu said...

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China Expected To Produce 1 Million Electric Vehicles In 2018, WAY More By 2025

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