NEVs are gaining popularity in China, the world's largest auto market, thanks to a string of supportive policies as they help reduce fossil fuel consumption and address air pollution. Over 770,000 NEVs were sold in China last year, up 53.3 percent year-on-year.The country's stock of NEVs reached over 1.6 million, about half of the world's total.
Electrification, intelligent connected vehicles, the sharing economy and internationalization will be trends for the automotive industry. In March, the Ministry of Industry and Information Technology issued the Key Working Points of Intelligent Connected Vehicle Standardization for 2018 to promote and facilitate the development of the intelligent connected vehicles industry, and advance the development of fundamental standards and those that are in urgent demand.
The working points include following and implementing the national telematics industrial standards guideline issued at the end of last year and the development of advanced driver-assistance systems standards. Also given priority is the development of standards regarding autonomous driving. An intelligent connected vehicle standardization commission will be established with working groups on driver assistance systems and autonomous driving.
China will roll out policies to promote the development of fuel-cell cars and detail plans on the construction of hydrogen refueling stations, as the country steps up efforts to cultivate a globally competitive new energy vehicles industry,the top industry regulator said. Miao Wei, minister of industry and information technology, said fuel-cell cars are an important part of new energy vehicles and China aims to achieve simultaneous development of hydrogen fuel cell vehicles with the international community.According to him, the ministry will make more efforts to perfect top-level policy design, so as to give the industry a clear guidance and a positive policy environment.