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Chinese rernewable car production soars 500% in January

China Spectator, 24 Feb 2015 - Industry experts predict China will overtake the U.S. as largest producer within two to three years.

China produced 6599 renewable energy cars in January, up 500 per cent from the same period last year reports Sohu.

According to the news portal, industry experts predict the country will overtake the United States as the largest producer of renewable cars within the next two to three years.

China’s Ministry of Technology wants the country to build an infrastructure that is capable of supporting 5 million renewable cars at the end of 2020.

Chinese consumers who live in first tier cities like Beijing and Shanghai are more likely to buy renewable cars than people from regional cities.

Source: https://www.businessspectator.com.au/news/2015/2/24/china/chinese-renewable-car-production-soars-500-january

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