Feb. 24, 2012 (China Knowledge) - China's Ministry of Industry and Information Technology
has projected that the accumulated new-energy auto output and sales in the country would total more than 500,000 units by the end of 2015, the last year of China's 12th five-year plan.
The target would require 150 kilowatt hours of battery energy per year, according to a report from the ministry.
It is difficult for China, however, to meet the target until the central government invests more into the industry, said Cui Dongshu, assistant secretary of the China Passenger Car Association.
Last year, the country's new-energy vehicle output totaled 8,368, while total sales stood at 8,159 units, said the China Association of Automobile Manufacturers. Shenzhen
, a major coastal city in Guangdong
Province, aims to have 4,500 new-energy vehicles on the road this year, while Hefei
Province and Hangzhou
Province each have an annual goal of over 20,000 vehicles, sources reported.