Zhejiang authorities set goals for NEV industry

The Zhejiang Development and Reform Commission recently issued the 14th Five-Year Plan (2021-25) for the province's new energy vehicle industry.

According to the document, Zhejiang's annual output of NEVs is expected to reach 600,000 in 2025, at which time the industry is expected to be capable of delivering finished hydrogen-cell automobiles.

Zhejiang produced a total of 77,000 NEVs in 2020, 6.1 percent of all automobiles produced in the province and 5.3 percent of the national output of NEVs that year.

Zhejiang is currently home to 12 NEV makers, which have received approval to jointly manufacture a maximum of 654,000 NEVs per year.

An official of the Zhejiang Development and Reform Commission stressed that in the coming years, the province will focus on achieving technological breakthroughs in manufacturing key parts for NEVs, including power cells, electronic control systems, integrated circuits, and intelligent sensors.