China New Energy Vehicle Market to Grow at a CAGR of 36.13% During 2017-2021 - BYD, Geely Automobile Holdings, Yutong, Zotye Auto
New energy vehicles (NEVs) are the vehicles enabled with an electric powertrain and powered through a battery. These vehicles can bring down near to zero emissions and can achieve up to 100% propulsion by electricity. Hence, China is pushing the adoption of more NEVs to bring down the dependency on oil fuels from the Middle East, reduce fuel emissions, and bring low-cost safer vehicles on the road.
View full press release