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China formulates national smart car industry strategy

2017-09-11author:source:

With the global auto industry leaning toward intelligent and electric vehicles, China is working on a national strategy on smart cars, and mulls banning production and sales of fossil fuel cars. The Ministry of Industry and Information Technology (MIIT) will work out the timetable, according to Xin Guobin, vice minister of industry and information technology.

He told a forum in Tianjin that auto-makers should have a thorough understanding of the situation and readjust their strategies.

Producing and selling more than 28 million vehicles in 2016, the eighth year as the world's biggest producer and manufacturer, China's auto industry contributed at least one tenth of total retail sales of consumer goods.

Also the largest producer and market for new energy vehicles, more than 500,000 of them were built and sold last year. There are more than 1 million new energy vehicles on the road, or half of the world total.

He said the time period up to 2025 will be critical for the auto industry. Energy-saving and emission reduction requirements are increasing, the development of new energy vehicles is becoming more technically demanding and intelligent vehicles are expected to have a profound effect on the industry.

Source: Xinhua

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