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Guangdong to boost new energy auto industry

From China DailyMarch 21, 2013

China Daily (Guangzhou) – Guangdong provincial government hopes to boost its total production capacity for new energy automobiles to more than 200,000 units, and its annual output to 50,000 units by 2015.

The province’s Development and Reform Commission said that more than 57.34 billion yuan ($9.22 billion) will be invested into 66 key new energy projects in the industry between 2015 and 2020.

New energy automobile production capacity, and actual production, in the province stood at 20,000 units and 7,000 units respectively in 2011, with total output worth 4.72 billion yuan.

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