Shanghai October 20 (Gasgoo.com) The Ministry of Science and Technology (MOST) will invest 738 million yuan ($111 million) in research and development of core technologies for electric vehicles by 2012, Shanghai Securities News reported Wednesday, citing a person with knowledge of the matter.
The MOST has drawn up an "electric vehicles '12 5' plan (2011-2015)" which has now been reviewed and approved by industry experts. The plan makes clear that China should focus on development of battery systems, motors and electronic control systems while promoting development of the electric vehicle industry chain, the above person revealed.
The plan also points out development direction of electric vehicle industry, underlining that prototype R&D, as well as optimization and application of electric vehicles should be improved, and meanwhile financial subsidies should be intensified.
The soon-to-be launched application guides for "key technologies for electric vehicles and system integration" has specified the proportion of development for each core direction, the same person disclosed.
Holding a proportion of 42% in all 74 subjects determined by the MOST, R&D of battery technology has been listed as the most important subject during the 2010-2012 period, followed by subject of electric vehicles and electrical power systems (33%), motor subject (13%) and electronic control technology subject (6%), the person said.
