China to help spur innovation of NEVs


Leading the way: A Nio Inc EP9 electric sports car stands on display at the Auto Shanghai 2019 show. The company has thus far built a network of more than 3,000 battery swap stations in the country. — Bloomberg

BEIJING: China is expected to push the high-quality development of its leading new energy vehicle (NEV) sector with a slew of policies ranging from electrifying bus fleets to drafting battery swapping standards, according to a senior official.

Zhang Yunming, vice-minister of industry and information technology, said on Tuesday that the ministry will take targeted measures to boost the growth of the sector, which has made remarkable progress over the past decade.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Asia's growing economic power shapes global derivatives market
Stocks, dollar take tariff hit; gold gets safety bid
Malaysian economy to stay resilient in 2026 on FDI, robust infrastructure investment- HSBC�
FBM KLCI slips as traders turn cautious on growing geopolitical tension
Bursa Malaysia suspends short-selling of SMRT due to price limit breach
SMRT's share price dives on sharp earnings downgrade
MAHB 2025 passenger traffic reaches 15.53mil as VM2026 kicks off
China's Q4 GDP growth slows to 3-year low, full-year pace meets official target
World markets jolted, dollar dips as Trump vows tariffs on Europe over Greenland
Oil prices steady as ebbing Iranian protests lower chance of US attack

Others Also Read