There is a serious spike in China’s sales and production of new energy vehicles (NEVs) the continued fast growth has been attributed to government support in the sector, industry data shows.
NEV sales went up 81.05 percent year on year to 721,500 units in the first nine months of this year, while production rose 73.05 percent to 734,600 units, according to the China Association of Automobile Manufacturers (CAAM).
Plug-in hybrid vehicles registered a significant increase of more than 100 percent in both sales and production.
Stellar performance was in sharp contrast to a slowdown in the broader automobile industry that is being weighed down by business transformation, industrial capacity cuts and growing environment awareness.
China has intensified efforts to encourage the use of NEVs to ease pressure on the environment by offering tax exemptions and discounts on car purchases.
China has remained the world’s largest NEV market for three consecutive years, with some 777,000 cars sold in 2017.
Recall that Car giant Toyota said it is recalling more than 2.4 million hybrid cars over a fault that could cause crashes, this is coming barely a month after another recall of hybrid vehicles.
The firm in September said it was recalling more than one million hybrid cars globally after uncovering a technical problem that could cause fires.
The latest announcement affects several models of the Prius and its Auris hybrid vehicles produced between October 2008 and November 2014, with more than a million of the affected cars in Japan.
Another 830,000 are in North America, 290,000 in Europe, 3,000 in China, and the rest in other parts of the world.