China's financial hub Shanghai eyes five-fold increase in new energy vehicle output by 2025

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China's financial hub Shanghai aims to boost the production of new energy vehicles by five times and to have at least half of new automobiles on its roads zero-emission by 2025, according to a five-year development plan for the NEV industry released by the municipal government on Thursday.

Some 1.2 million electric vehicles should be manufactured each year by 2025, with an industrial output value of 350 billion yuan, accounting for more than 35 per cent of the total value of the city's manufacturing sector by then, according to the plan. That . . .

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