China’s Jiangsu sees nearly 700,000 new energy vehicles on the road

NANJING, Aug. 2– New energy vehicle ownership in the first half of 2022 in east China’s Jiangsu Province reached 698,732 units, up 94.86 percent year on year, according to the provincial traffic police department. While its NEV consumption maintains a strong momentum, Jiangsu also seeks to spur the development of its NEV industry. According to the provincial…

NANJING, Aug. 2 (Xinhua) — New energy vehicle (NEV) ownership in the first half of 2022 in east China’s Jiangsu Province reached 698,732 units, up 94.86 percent year on year, according to the provincial traffic police department.

The number of pure electric cars in the province reached 607,590 by the end of June, accounting for 86.96 percent of the NEVs, the department said.

The province saw its registered NEVs surge 136.6 percent year on year to exceed 200,000 units in the first half of the year, making up 21.9 percent of the total newly-registered automobiles.

While its NEV consumption maintains a strong momentum, Jiangsu also seeks to spur the development of its NEV industry.

According to the provincial industry and information technology department, Jiangsu aims to increase its annual NEV output to 500,000 units by 2025 and the NEV output is expected to account for more than half of its total automobile output by 2035.

As the pivotal component of NEVs, the power battery sector in Jiangsu is enjoying booming momentum in recent years. Changzhou, a manufacturing hub of the province, boasts over 80 power battery enterprises, with its industrial scale hitting 70 billion yuan (about 10.3 billion U.S. dollars).

China’s NEV industry has grown steadily this year. In the first half of 2022, the NEV output and sales in the world’s largest car market reached 2.66 million and 2.6 million units, respectively.

By the end of June, the country saw a total of 10.01 million NEVs going on the road, data from the Ministry of Public Security showed. Enditem

ANA NEWS WIRE Disclaimer:
The African News Agency (ANA) is a news wire service and therefore subscribes to the highest standards of journalism as it relates to accuracy, fairness and impartiality.
ANA strives to provide accurate, well sourced and reliable information across Text, Images and Video. Where errors do appear, ANA will seek to correct these timeously and transparently.
The ANA platform also contains news and information from third party sources. ANA has sought to procure reliable content from trusted news sources but cannot be held responsible for the accuracy and opinions provided by such sources on the ANA platform or linked sites.
The content provided for on the ANA News Wire platform, both through the ANA news operation and via its third party sources, are for the sole use of authorised subscribers and partners. Unauthorised access to and usage of ANA content will be subject to legal steps. ANA reserves its rights in this regard.
ANA makes every effort to ensure that the website is up and running smoothly at all times, however ANA does not take responsibility for, and will not be held liable for times when the website is temporarily unavailable due to technical issues that are beyond our control.