China Eyes Two Million New Energy Vehicles In Annual Production By 2020

China aims to achieve annual production and sales of two million new energy vehicles by 2020, as the country ramps up efforts to expand its green energy sector and reduce dangerous levels of air pollution in its major cities.

New energy cars are defined as vehicles powered by alternative sources of energy. They include hybrid, pure electric vehicles, fuel cell electric vehicles and other alternative energy-powered cars.

In addition, China will strive to cultivate some of the world's top-ten new energy vehicle companies by 2020, according to a long-term development plan for the automotive industry released yesterday by the Ministry of Industry and Information Technology, the National Development and Reform Commission, and the Ministry of Science and Technology.

Under the plan, new energy vehicles will account for more than 20% of Ch...

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