BAIC president: China’s annual NEV sales and output will reach 3 million by 2020

Shanghai (Gasgoo)- On the sidelines of the ongoing 19th CPC National Congress, Xu Heyi, chairman of the state-owned carmaker BAIC Group, said that China branded new energy vehicles (NEV) will be in the upper echelon of the global auto market by 2035.

China’s NEV annual output and sales are likely to reach 3 million by 2020.

Green development is what Xu cares most in the report of 19th CPC National Congress. To him, General Secretary Xi Jinping’s report place outstanding importance on green development, which will continue to promote the application of NEVs and speed the structural transformation of traditional fuel-powered auto industry. Xu feels so optimistic about the potential of NEV industry that he thinks China’s NEV annual output and sales are likely to reach 3 million by 2020.

In addition to products, BAIC will go global with technology, management and brands as well.

Another impressive point in General Secretary Xi Jinping’s report is the secretary’s illustration on the next step of The Belt and Road Initiative. “In the past, we just go global with our products. In the future, we should go global also with our technology, management and brands.” In accordance with national strategic layout, BAIC is extending its industry layout into the world and will go global in all directions and finally becomes the international BAIC Group. The cooperation between BAIC and Daimler is a good example. “The cooperation extends to NEV segment from traditional auto business and will spur China NEV market’s development.”