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People's Daily Online>>China Business

Global automakers favor new energy cars in China (3)

By Yang Zhongyang, Chang Yanjun (The Economic Daily)

12:59, November 17, 2011

Volvo Green Car

To seize China's new-energy automobile market, multinational auto companies must carry out new-energy automobile experiments in China, said Huang Yonghe, a chief expert from the China Automotive Technology and Research Center.

According to the latest statistics by the China Association of Automobile Manufacturers, China produced about 15 million and sold nearly 15.2 million automobiles in the first 10 months of 2011, up 2.7 percent and 3.2 percent, respectively, compared to the figures for the same period in 2010.

Growth rates for both production and sales decreased, but it is still expected that the numbers for the full year of 2011 will both exceed 18 million, clenching China's status as the largest automobile market in the world for the third year running.

Ouyang said that because the fuel price is rising, the new-energy automobile products are also becoming more abundant and the infrastructure for the new-energy automobile is also improving. Without question, new-energy vehicles will be sold Chinese families on a large scale, and China will turn into the largest new-energy vehicle market in the future.

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