Caixin OnlineBusiness & IndustryTop Stories Industry Gov't Will Put Billions into New-Energy Vehicles, Official Says
11.26.2012 18:21

Gov't Will Put Billions into New-Energy Vehicles, Official Says

Sector will receive up to 2 billion yuan a year to spur development, making it one of Beijing's priorities
By staff reporter Yang Qiubo

(Beijing) – The Ministry of Finance will set aside 1 billion to 2 billion yuan annually starting this year to support the new-energy vehicle industry and related research and development, an official said on November 23.

Developing the new-energy car sector will be a priority of the central government in the future, assistant minister of finance Zheng Xiaosong said.

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