China hopes sales of NEVs which constituted around 4.6% of overall market in 2018, can reach a quarter of car sales in 2025.
China’s industry ministry had earlier said Tesla’s Model 3 cars, being built at its $2 billion factory in Shanghai, were on a list recommended for subsidies for new energy vehicles , which include plug-in hybrids, battery-only electric vehicles and those powered by hydrogen fuel cells.Two variants of Tesla Model 3 vehicles are on the list for the generous NEV subsidy programme, according to the website of China’s Ministry of Industry and Information Technology.
The annual capacity at the factory in its first phase is expected to reach 250,000 vehicles, equivalent to about 4 800 a week. This will include 150 000 Model 3 cars.
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