More than 100 new models of electric vehicles have been unveiled at China’s annual auto show in Beijing.
The Chinese government has been championing new energy vehicles with a planned cap and trade quota system forcing automotive manufacturers to make at least 10 percent of their output new energy vehicles or face fines while also providing subsidies for manufacturers.
24.7 million passenger cars were sold in China in 2017, 777,000 of them were electric or hybrid vehicles with the growth rate of electric vehicle sales higher in China than in Western markets.