Shanghai’s NEV Production Value Surpasses 10-Million Yuan Mark for First Time, Nears USD2 Billion

(Yicai Global) May 5 — Shanghai has become the city that is the biggest promoter of new energy vehicles and its NEV production value surpassed CNY10 billion (USD1.45 billion) last year for the first time, the Shanghai municipal government said recently.

The production value of NEVs in Shanghai was CNY13.26 billion (USD1.92 billion) last year, a 23.4-percent increase, Shanghai Municipal Commission of Economy and Informatization data released yesterday shows. Shanghai’s total number of NEVs in use reached 103,000, making it the first Chinese city with over 100,000.

Some 45,474 NEVs got Shanghai license plates last year and the city became the world’s leader in NEV ownership.

Shanghai added 36,300 NEV charging points last year, bringing the total number to 58,000. Some 51,000 are for private and individual use, and 7,000 are for public use.

The Shanghai municipal government plans to operate over 210,000 charging points by 2020, to meet the charging needs of 260,000 NEVs.