Gasgoo (Shanghai, October 9)— The gross value of industrial output of auto industry in Shanghai has been 353.048 billion RMB, with a yearly rise of 4.9%, from January to August in 2016. And that of alternative energy vehicles has been 7.649 billion RMB, with a yearly rise of 44.9%.
Though blooming market of alternative energy vehicles globally, the gross value of industrial output of that in Shanghai, where governmental policies and soaring market demands have encouraged development of the market, has been less than 10 billion RMB.
However, given encouraging policy and improving growth rate in the fourth quarter, it is probable that the gross value of industrial output of green vehicles can be more than 10 billion RMB this year. Based on governmental planning, the gross value of green vehicles may be 50 billion RMB in China until 2020.
Though there still remains great room for development of green vehicles in China, promising market performance and encouraging governmental policies may bring about considerable growth of the whole industry in the following days.
