The low-speed electric vehicle industry in China is seeing bright prospects after China’s National Development and Reform Commission announced temporary measures for the investment and approval of electric passenger car makers on Nov. 26.
New electric passenger car makers have to be registered in China and have over three years of experience researching and developing electric passenger cars, according to these measures. They should also possess the core technology related to the vehicles’ control system, battery system, integration and lightweight construction, as well as the cars’ intellectual property rights and related patents. In addition, the new car makers should possess production capacity and offer a warranty of no less than five years, or 100,000 kilometers, whichever comes first.
“Obviously, this is very good news for us. It is good news for the entire new energy industry,” the head of a low-speed electric car maker in Shandong province told Shanghai’s China Business News.
The measures are expected to directly benefit the automobile industry. Some low-speed electric vehicle makers are “very likely” to receive approval to sell their vehicles, automobile analyst Feng Shiming said.
But exactly how many companies will be granted market access? Miao Wei, Minister of Industry and Information Technology said last year that the government may only give approval to one or two companies.
Despite that, China Business News has said that no matter who is granted market access in the end, it will help the country reach its new energy goal.
According to government plans, the number of new energy-powered vehicles in pilot cities in China will exceed 300,000 by 2015.
As of September this year, only 11% of the target has been reached.
Source: http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20141201000008&cid=1205&MainCatID=12
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