UPDATE 1-China NEV sales to grow over 40% each year in next 5 years -industry body

Reuters2021-06-18

(Adds adviser's comment, background)

SHANGHAI, June 18 (Reuters) - China's new energy vehicle $(NEV)$ sales are expected to grow more than 40% each year in the next five years, a senior official at the China Association of Automobile Manufacturers (CAAM) said on Friday.

Fu Bingfeng, executive vice chairman of CAAM, made the remarks at a conference held by the industry body in Shanghai.

Fu's presentation showed that CAAM forecasts sales of NEVs, including battery electric, plug-in hybrid and hydrogen fuel cell vehicles, to hit 1.9 million units this year and 2.7 million vehicles in 2022.

NEV makers, such as Tesla Inc , Nio Inc , Xpeng Inc and BYD , are expanding manufacturing capacity in China, encouraged by the government's promotion of greener vehicles to cut pollution.

China could extend tax exemptions on NEV purchases beyond 2022 to support development of the sector, Wan Gang, a high-ranking government industrial policy adviser who is often referred to in state media as China's "father of EV", said at the same CAAM conference.

(Reporting by Yilei Sun and Tony Munroe; Editing by Muralikumar Anantharaman)

((Y.Sun@thomsonreuters.com; +86 10 66271262; Reuters Messaging: y.sun.thomsonreuters.com@reuters.net))

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Comments

QuantumPanda
2021-06-19
QuantumPanda
To the moon!!!
cripsy65
2021-06-18
cripsy65
Fly fly fly
aaronh
2021-06-18
aaronh
Good [開心]
LeeSJ
2021-06-18
LeeSJ
NEV in china seems promising $NIO Inc.(NIO)$[財迷]
Starbucks
2021-06-18
Starbucks
Yay!! $Tesla Motors(TSLA)$$NIO Inc.(NIO)$to the moon! [Call] [Miser] [Miser]
- Nobi:
  China GDP growth bringing everyone to the moon! [得意] [得意] [得意]
hiton
2021-06-18
hiton
Up up up

Leave a comment

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Editing by Muralikumar Anantharaman)</p><p>((Y.Sun@thomsonreuters.com; +86 10 66271262; Reuters Messaging: y.sun.thomsonreuters.com@reuters.net))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","NIO":"蔚来","01211":"比亚迪股份","XPEV":"小鹏汽车"},"source_url":"http://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144260237","content_text":"(Adds adviser's comment, background)   SHANGHAI, June 18 (Reuters) - China's new energy vehicle $(NEV)$ sales are expected to grow more than 40% each year in the next five years, a senior official at the China Association of Automobile Manufacturers (CAAM) said on Friday.   Fu Bingfeng, executive vice chairman of CAAM, made the remarks at a conference held by the industry body in Shanghai.   Fu's presentation showed that CAAM forecasts sales of NEVs, including battery electric, plug-in hybrid and hydrogen fuel cell vehicles, to hit 1.9 million units this year and 2.7 million vehicles in 2022.   NEV makers, such as Tesla Inc   , Nio Inc   , Xpeng Inc    and BYD   , are expanding manufacturing capacity in China, encouraged by the government's promotion of greener vehicles to cut pollution.     China could extend tax exemptions on NEV purchases beyond 2022 to support development of the sector, Wan Gang, a high-ranking government industrial policy adviser who is often referred to in state media as China's \"father of EV\", said at the same CAAM conference. (Reporting by Yilei Sun and Tony Munroe; Editing by Muralikumar Anantharaman)((Y.Sun@thomsonreuters.com; +86 10 66271262; Reuters Messaging: y.sun.thomsonreuters.com@reuters.net))","news_type":1,"symbols_score_info":{"01211":0.9,"TSLA":0.9,"XPEV":0.9,"NIO":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":166611988,"gmtCreate":1624005651744,"gmtModify":1703826355389,"author":{"id":"3570443992217270","authorId":"3570443992217270","name":"cripsy65","avatar":"https://static.tigerbbs.com/dcb7a017171e56b67bda183546d509b8","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":12,"crmLevelSwitch":0,"idStr":"3570443992217270","authorIdStr":"3570443992217270"},"htmlText":"Fly fly fly","listText":"Fly fly fly","text":"Fly fly fly","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/166611988","repostId":2144260237,"repostType":2,"repost":{"id":"2144260237","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1623982812,"share":"https://ttm.financial/m/news/2144260237?lang=en_US&edition=fundamental","pubTime":"2021-06-18 10:20","market":"us","language":"en","title":"UPDATE 1-China NEV sales to grow over 40% each year in next 5 years -industry body","url":"https://stock-news.laohu8.com/highlight/detail?id=2144260237","media":"Reuters","summary":"(Adds adviser's comment, background)   SHANGHAI, June 18 (Reuters) - China's new energy vehicle (NEV) sales are expected to grow more than 40% each year in the next five years, a senior official at th","content":"<html><body><p>(Adds adviser's comment, background)</p><p>   SHANGHAI, June 18 (Reuters) - China's new energy vehicle <a href=\"https://laohu8.com/S/NEV\">$(NEV)$</a> sales are expected to grow more than 40% each year in the next five years, a senior official at the China Association of Automobile Manufacturers (CAAM) said on Friday.</p><p>   Fu Bingfeng, executive vice chairman of CAAM, made the remarks at a conference held by the industry body in Shanghai.</p><p>   Fu's presentation showed that CAAM forecasts sales of NEVs, including battery electric, plug-in hybrid and hydrogen fuel cell vehicles, to hit 1.9 million units this year and 2.7 million vehicles in 2022.</p><p>   NEV makers, such as Tesla Inc   , Nio Inc   , Xpeng Inc    and BYD   , are expanding manufacturing capacity in China, encouraged by the government's promotion of greener vehicles to cut pollution.  </p><p>   China could extend tax exemptions on NEV purchases beyond 2022 to support development of the sector, Wan Gang, a high-ranking government industrial policy adviser who is often referred to in state media as China's \"father of EV\", said at the same CAAM conference.</p><p> (Reporting by Yilei Sun and Tony Munroe; Editing by Muralikumar Anantharaman)</p><p>((Y.Sun@thomsonreuters.com; +86 10 66271262; Reuters Messaging: y.sun.thomsonreuters.com@reuters.net))</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>UPDATE 1-China NEV sales to grow over 40% each year in next 5 years -industry body</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUPDATE 1-China NEV sales to grow over 40% each year in next 5 years -industry body\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-18 10:20</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>(Adds adviser's comment, background)</p><p>   SHANGHAI, June 18 (Reuters) - China's new energy vehicle <a href=\"https://laohu8.com/S/NEV\">$(NEV)$</a> sales are expected to grow more than 40% each year in the next five years, a senior official at the China Association of Automobile Manufacturers (CAAM) said on Friday.</p><p>   Fu Bingfeng, executive vice chairman of CAAM, made the remarks at a conference held by the industry body in Shanghai.</p><p>   Fu's presentation showed that CAAM forecasts sales of NEVs, including battery electric, plug-in hybrid and hydrogen fuel cell vehicles, to hit 1.9 million units this year and 2.7 million vehicles in 2022.</p><p>   NEV makers, such as Tesla Inc   , Nio Inc   , Xpeng Inc    and BYD   , are expanding manufacturing capacity in China, encouraged by the government's promotion of greener vehicles to cut pollution.  </p><p>   China could extend tax exemptions on NEV purchases beyond 2022 to support development of the sector, Wan Gang, a high-ranking government industrial policy adviser who is often referred to in state media as China's \"father of EV\", said at the same CAAM conference.</p><p> (Reporting by Yilei Sun and Tony Munroe; Editing by Muralikumar Anantharaman)</p><p>((Y.Sun@thomsonreuters.com; +86 10 66271262; Reuters Messaging: y.sun.thomsonreuters.com@reuters.net))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","NIO":"蔚来","01211":"比亚迪股份","XPEV":"小鹏汽车"},"source_url":"http://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144260237","content_text":"(Adds adviser's comment, background)   SHANGHAI, June 18 (Reuters) - China's new energy vehicle $(NEV)$ sales are expected to grow more than 40% each year in the next five years, a senior official at the China Association of Automobile Manufacturers (CAAM) said on Friday.   Fu Bingfeng, executive vice chairman of CAAM, made the remarks at a conference held by the industry body in Shanghai.   Fu's presentation showed that CAAM forecasts sales of NEVs, including battery electric, plug-in hybrid and hydrogen fuel cell vehicles, to hit 1.9 million units this year and 2.7 million vehicles in 2022.   NEV makers, such as Tesla Inc   , Nio Inc   , Xpeng Inc    and BYD   , are expanding manufacturing capacity in China, encouraged by the government's promotion of greener vehicles to cut pollution.     China could extend tax exemptions on NEV purchases beyond 2022 to support development of the sector, Wan Gang, a high-ranking government industrial policy adviser who is often referred to in state media as China's \"father of EV\", said at the same CAAM conference. (Reporting by Yilei Sun and Tony Munroe; Editing by Muralikumar Anantharaman)((Y.Sun@thomsonreuters.com; +86 10 66271262; Reuters Messaging: y.sun.thomsonreuters.com@reuters.net))","news_type":1,"symbols_score_info":{"01211":0.9,"TSLA":0.9,"XPEV":0.9,"NIO":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":166899204,"gmtCreate":1624000049808,"gmtModify":1703826188289,"author":{"id":"3572385806607275","authorId":"3572385806607275","name":"aaronh","avatar":"https://static.tigerbbs.com/4633f061d6a91b98037c28e4007151ac","vip":1,"crmLevel":11,"crmLevelSwitch":0,"idStr":"3572385806607275","authorIdStr":"3572385806607275"},"htmlText":"Good&nbsp;[開心]&nbsp;","listText":"Good&nbsp;[開心]&nbsp;","text":"Good [開心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/166899204","repostId":2144260237,"repostType":2,"repost":{"id":"2144260237","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1623982812,"share":"https://ttm.financial/m/news/2144260237?lang=en_US&edition=fundamental","pubTime":"2021-06-18 10:20","market":"us","language":"en","title":"UPDATE 1-China NEV sales to grow over 40% each year in next 5 years -industry body","url":"https://stock-news.laohu8.com/highlight/detail?id=2144260237","media":"Reuters","summary":"(Adds adviser's comment, background)   SHANGHAI, June 18 (Reuters) - China's new energy vehicle (NEV) sales are expected to grow more than 40% each year in the next five years, a senior official at th","content":"<html><body><p>(Adds adviser's comment, background)</p><p>   SHANGHAI, June 18 (Reuters) - China's new energy vehicle <a href=\"https://laohu8.com/S/NEV\">$(NEV)$</a> sales are expected to grow more than 40% each year in the next five years, a senior official at the China Association of Automobile Manufacturers (CAAM) said on Friday.</p><p>   Fu Bingfeng, executive vice chairman of CAAM, made the remarks at a conference held by the industry body in Shanghai.</p><p>   Fu's presentation showed that CAAM forecasts sales of NEVs, including battery electric, plug-in hybrid and hydrogen fuel cell vehicles, to hit 1.9 million units this year and 2.7 million vehicles in 2022.</p><p>   NEV makers, such as Tesla Inc   , Nio Inc   , Xpeng Inc    and BYD   , are expanding manufacturing capacity in China, encouraged by the government's promotion of greener vehicles to cut pollution.  </p><p>   China could extend tax exemptions on NEV purchases beyond 2022 to support development of the sector, Wan Gang, a high-ranking government industrial policy adviser who is often referred to in state media as China's \"father of EV\", said at the same CAAM conference.</p><p> (Reporting by Yilei Sun and Tony Munroe; Editing by Muralikumar Anantharaman)</p><p>((Y.Sun@thomsonreuters.com; +86 10 66271262; Reuters Messaging: y.sun.thomsonreuters.com@reuters.net))</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>UPDATE 1-China NEV sales to grow over 40% each year in next 5 years -industry body</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUPDATE 1-China NEV sales to grow over 40% each year in next 5 years -industry body\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-18 10:20</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>(Adds adviser's comment, background)</p><p>   SHANGHAI, June 18 (Reuters) - China's new energy vehicle <a href=\"https://laohu8.com/S/NEV\">$(NEV)$</a> sales are expected to grow more than 40% each year in the next five years, a senior official at the China Association of Automobile Manufacturers (CAAM) said on Friday.</p><p>   Fu Bingfeng, executive vice chairman of CAAM, made the remarks at a conference held by the industry body in Shanghai.</p><p>   Fu's presentation showed that CAAM forecasts sales of NEVs, including battery electric, plug-in hybrid and hydrogen fuel cell vehicles, to hit 1.9 million units this year and 2.7 million vehicles in 2022.</p><p>   NEV makers, such as Tesla Inc   , Nio Inc   , Xpeng Inc    and BYD   , are expanding manufacturing capacity in China, encouraged by the government's promotion of greener vehicles to cut pollution.  </p><p>   China could extend tax exemptions on NEV purchases beyond 2022 to support development of the sector, Wan Gang, a high-ranking government industrial policy adviser who is often referred to in state media as China's \"father of EV\", said at the same CAAM conference.</p><p> (Reporting by Yilei Sun and Tony Munroe; Editing by Muralikumar Anantharaman)</p><p>((Y.Sun@thomsonreuters.com; +86 10 66271262; Reuters Messaging: y.sun.thomsonreuters.com@reuters.net))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","NIO":"蔚来","01211":"比亚迪股份","XPEV":"小鹏汽车"},"source_url":"http://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144260237","content_text":"(Adds adviser's comment, background)   SHANGHAI, June 18 (Reuters) - China's new energy vehicle $(NEV)$ sales are expected to grow more than 40% each year in the next five years, a senior official at the China Association of Automobile Manufacturers (CAAM) said on Friday.   Fu Bingfeng, executive vice chairman of CAAM, made the remarks at a conference held by the industry body in Shanghai.   Fu's presentation showed that CAAM forecasts sales of NEVs, including battery electric, plug-in hybrid and hydrogen fuel cell vehicles, to hit 1.9 million units this year and 2.7 million vehicles in 2022.   NEV makers, such as Tesla Inc   , Nio Inc   , Xpeng Inc    and BYD   , are expanding manufacturing capacity in China, encouraged by the government's promotion of greener vehicles to cut pollution.     China could extend tax exemptions on NEV purchases beyond 2022 to support development of the sector, Wan Gang, a high-ranking government industrial policy adviser who is often referred to in state media as China's \"father of EV\", said at the same CAAM conference. (Reporting by Yilei Sun and Tony Munroe; Editing by Muralikumar Anantharaman)((Y.Sun@thomsonreuters.com; +86 10 66271262; Reuters Messaging: y.sun.thomsonreuters.com@reuters.net))","news_type":1,"symbols_score_info":{"01211":0.9,"TSLA":0.9,"XPEV":0.9,"NIO":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":166321685,"gmtCreate":1623992699047,"gmtModify":1703825981126,"author":{"id":"3582638414596332","authorId":"3582638414596332","name":"LeeSJ","avatar":"https://static.tigerbbs.com/478ef1619007ff0e4240160e0baa28f7","vip":1,"hat":"https://static.tigerbbs.com/acebb9722806729a38c10fe7cde46b94","crmLevel":12,"crmLevelSwitch":0,"idStr":"3582638414596332","authorIdStr":"3582638414596332"},"htmlText":"NEV in china seems promising&nbsp;<a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a>[財迷]&nbsp;","listText":"NEV in china seems promising&nbsp;<a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a>[財迷]&nbsp;","text":"NEV in china seems promising $NIO Inc.(NIO)$[財迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/166321685","repostId":2144260237,"repostType":2,"repost":{"id":"2144260237","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1623982812,"share":"https://ttm.financial/m/news/2144260237?lang=en_US&edition=fundamental","pubTime":"2021-06-18 10:20","market":"us","language":"en","title":"UPDATE 1-China NEV sales to grow over 40% each year in next 5 years -industry body","url":"https://stock-news.laohu8.com/highlight/detail?id=2144260237","media":"Reuters","summary":"(Adds adviser's comment, background)   SHANGHAI, June 18 (Reuters) - China's new energy vehicle (NEV) sales are expected to grow more than 40% each year in the next five years, a senior official at th","content":"<html><body><p>(Adds adviser's comment, background)</p><p>   SHANGHAI, June 18 (Reuters) - China's new energy vehicle <a href=\"https://laohu8.com/S/NEV\">$(NEV)$</a> sales are expected to grow more than 40% each year in the next five years, a senior official at the China Association of Automobile Manufacturers (CAAM) said on Friday.</p><p>   Fu Bingfeng, executive vice chairman of CAAM, made the remarks at a conference held by the industry body in Shanghai.</p><p>   Fu's presentation showed that CAAM forecasts sales of NEVs, including battery electric, plug-in hybrid and hydrogen fuel cell vehicles, to hit 1.9 million units this year and 2.7 million vehicles in 2022.</p><p>   NEV makers, such as Tesla Inc   , Nio Inc   , Xpeng Inc    and BYD   , are expanding manufacturing capacity in China, encouraged by the government's promotion of greener vehicles to cut pollution.  </p><p>   China could extend tax exemptions on NEV purchases beyond 2022 to support development of the sector, Wan Gang, a high-ranking government industrial policy adviser who is often referred to in state media as China's \"father of EV\", said at the same CAAM conference.</p><p> (Reporting by Yilei Sun and Tony Munroe; Editing by Muralikumar Anantharaman)</p><p>((Y.Sun@thomsonreuters.com; +86 10 66271262; Reuters Messaging: y.sun.thomsonreuters.com@reuters.net))</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>UPDATE 1-China NEV sales to grow over 40% each year in next 5 years -industry body</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUPDATE 1-China NEV sales to grow over 40% each year in next 5 years -industry body\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-18 10:20</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>(Adds adviser's comment, background)</p><p>   SHANGHAI, June 18 (Reuters) - China's new energy vehicle <a href=\"https://laohu8.com/S/NEV\">$(NEV)$</a> sales are expected to grow more than 40% each year in the next five years, a senior official at the China Association of Automobile Manufacturers (CAAM) said on Friday.</p><p>   Fu Bingfeng, executive vice chairman of CAAM, made the remarks at a conference held by the industry body in Shanghai.</p><p>   Fu's presentation showed that CAAM forecasts sales of NEVs, including battery electric, plug-in hybrid and hydrogen fuel cell vehicles, to hit 1.9 million units this year and 2.7 million vehicles in 2022.</p><p>   NEV makers, such as Tesla Inc   , Nio Inc   , Xpeng Inc    and BYD   , are expanding manufacturing capacity in China, encouraged by the government's promotion of greener vehicles to cut pollution.  </p><p>   China could extend tax exemptions on NEV purchases beyond 2022 to support development of the sector, Wan Gang, a high-ranking government industrial policy adviser who is often referred to in state media as China's \"father of EV\", said at the same CAAM conference.</p><p> (Reporting by Yilei Sun and Tony Munroe; Editing by Muralikumar Anantharaman)</p><p>((Y.Sun@thomsonreuters.com; +86 10 66271262; Reuters Messaging: y.sun.thomsonreuters.com@reuters.net))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","NIO":"蔚来","01211":"比亚迪股份","XPEV":"小鹏汽车"},"source_url":"http://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144260237","content_text":"(Adds adviser's comment, background)   SHANGHAI, June 18 (Reuters) - China's new energy vehicle $(NEV)$ sales are expected to grow more than 40% each year in the next five years, a senior official at the China Association of Automobile Manufacturers (CAAM) said on Friday.   Fu Bingfeng, executive vice chairman of CAAM, made the remarks at a conference held by the industry body in Shanghai.   Fu's presentation showed that CAAM forecasts sales of NEVs, including battery electric, plug-in hybrid and hydrogen fuel cell vehicles, to hit 1.9 million units this year and 2.7 million vehicles in 2022.   NEV makers, such as Tesla Inc   , Nio Inc   , Xpeng Inc    and BYD   , are expanding manufacturing capacity in China, encouraged by the government's promotion of greener vehicles to cut pollution.     China could extend tax exemptions on NEV purchases beyond 2022 to support development of the sector, Wan Gang, a high-ranking government industrial policy adviser who is often referred to in state media as China's \"father of EV\", said at the same CAAM conference. (Reporting by Yilei Sun and Tony Munroe; Editing by Muralikumar Anantharaman)((Y.Sun@thomsonreuters.com; +86 10 66271262; Reuters Messaging: y.sun.thomsonreuters.com@reuters.net))","news_type":1,"symbols_score_info":{"01211":0.9,"TSLA":0.9,"XPEV":0.9,"NIO":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":166323865,"gmtCreate":1623992619257,"gmtModify":1703825979493,"author":{"id":"3573818563583937","authorId":"3573818563583937","name":"Starbucks","avatar":"https://static.tigerbbs.com/adf9c30b19f3cc477ca4f1198d2c8b81","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":12,"crmLevelSwitch":1,"idStr":"3573818563583937","authorIdStr":"3573818563583937"},"htmlText":"Yay!! <a href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a><a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a>to the moon! [Call]&nbsp;[Miser]&nbsp;[Miser]&nbsp;","listText":"Yay!! <a href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a><a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a>to the moon! [Call]&nbsp;[Miser]&nbsp;[Miser]&nbsp;","text":"Yay!! $Tesla Motors(TSLA)$$NIO Inc.(NIO)$to the moon! [Call] [Miser] [Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/166323865","repostId":2144260237,"repostType":2,"repost":{"id":"2144260237","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1623982812,"share":"https://ttm.financial/m/news/2144260237?lang=en_US&edition=fundamental","pubTime":"2021-06-18 10:20","market":"us","language":"en","title":"UPDATE 1-China NEV sales to grow over 40% each year in next 5 years -industry body","url":"https://stock-news.laohu8.com/highlight/detail?id=2144260237","media":"Reuters","summary":"(Adds adviser's comment, background)   SHANGHAI, June 18 (Reuters) - China's new energy vehicle (NEV) sales are expected to grow more than 40% each year in the next five years, a senior official at th","content":"<html><body><p>(Adds adviser's comment, background)</p><p>   SHANGHAI, June 18 (Reuters) - China's new energy vehicle <a href=\"https://laohu8.com/S/NEV\">$(NEV)$</a> sales are expected to grow more than 40% each year in the next five years, a senior official at the China Association of Automobile Manufacturers (CAAM) said on Friday.</p><p>   Fu Bingfeng, executive vice chairman of CAAM, made the remarks at a conference held by the industry body in Shanghai.</p><p>   Fu's presentation showed that CAAM forecasts sales of NEVs, including battery electric, plug-in hybrid and hydrogen fuel cell vehicles, to hit 1.9 million units this year and 2.7 million vehicles in 2022.</p><p>   NEV makers, such as Tesla Inc   , Nio Inc   , Xpeng Inc    and BYD   , are expanding manufacturing capacity in China, encouraged by the government's promotion of greener vehicles to cut pollution.  </p><p>   China could extend tax exemptions on NEV purchases beyond 2022 to support development of the sector, Wan Gang, a high-ranking government industrial policy adviser who is often referred to in state media as China's \"father of EV\", said at the same CAAM conference.</p><p> (Reporting by Yilei Sun and Tony Munroe; Editing by Muralikumar Anantharaman)</p><p>((Y.Sun@thomsonreuters.com; +86 10 66271262; Reuters Messaging: y.sun.thomsonreuters.com@reuters.net))</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>UPDATE 1-China NEV sales to grow over 40% each year in next 5 years -industry body</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUPDATE 1-China NEV sales to grow over 40% each year in next 5 years -industry body\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-18 10:20</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>(Adds adviser's comment, background)</p><p>   SHANGHAI, June 18 (Reuters) - China's new energy vehicle <a href=\"https://laohu8.com/S/NEV\">$(NEV)$</a> sales are expected to grow more than 40% each year in the next five years, a senior official at the China Association of Automobile Manufacturers (CAAM) said on Friday.</p><p>   Fu Bingfeng, executive vice chairman of CAAM, made the remarks at a conference held by the industry body in Shanghai.</p><p>   Fu's presentation showed that CAAM forecasts sales of NEVs, including battery electric, plug-in hybrid and hydrogen fuel cell vehicles, to hit 1.9 million units this year and 2.7 million vehicles in 2022.</p><p>   NEV makers, such as Tesla Inc   , Nio Inc   , Xpeng Inc    and BYD   , are expanding manufacturing capacity in China, encouraged by the government's promotion of greener vehicles to cut pollution.  </p><p>   China could extend tax exemptions on NEV purchases beyond 2022 to support development of the sector, Wan Gang, a high-ranking government industrial policy adviser who is often referred to in state media as China's \"father of EV\", said at the same CAAM conference.</p><p> (Reporting by Yilei Sun and Tony Munroe; Editing by Muralikumar Anantharaman)</p><p>((Y.Sun@thomsonreuters.com; +86 10 66271262; Reuters Messaging: y.sun.thomsonreuters.com@reuters.net))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","NIO":"蔚来","01211":"比亚迪股份","XPEV":"小鹏汽车"},"source_url":"http://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144260237","content_text":"(Adds adviser's comment, background)   SHANGHAI, June 18 (Reuters) - China's new energy vehicle $(NEV)$ sales are expected to grow more than 40% each year in the next five years, a senior official at the China Association of Automobile Manufacturers (CAAM) said on Friday.   Fu Bingfeng, executive vice chairman of CAAM, made the remarks at a conference held by the industry body in Shanghai.   Fu's presentation showed that CAAM forecasts sales of NEVs, including battery electric, plug-in hybrid and hydrogen fuel cell vehicles, to hit 1.9 million units this year and 2.7 million vehicles in 2022.   NEV makers, such as Tesla Inc   , Nio Inc   , Xpeng Inc    and BYD   , are expanding manufacturing capacity in China, encouraged by the government's promotion of greener vehicles to cut pollution.     China could extend tax exemptions on NEV purchases beyond 2022 to support development of the sector, Wan Gang, a high-ranking government industrial policy adviser who is often referred to in state media as China's \"father of EV\", said at the same CAAM conference. (Reporting by Yilei Sun and Tony Munroe; Editing by Muralikumar Anantharaman)((Y.Sun@thomsonreuters.com; +86 10 66271262; Reuters Messaging: y.sun.thomsonreuters.com@reuters.net))","news_type":1,"symbols_score_info":{"01211":0.9,"TSLA":0.9,"XPEV":0.9,"NIO":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4877530,"gmtCreate":1624037306393,"gmtModify":1663229338044,"authorId":3573809317992460,"author":{"id":3573809317992460,"idStr":"3573809317992460","authorId":3573809317992460,"name":"Nobi","avatar":"https://static.tigerbbs.com/f6f79f8404d0e36885a520438a78cd94","vip":1,"crmLevel":12,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":166323865,"type":1,"supId":0,"prevId":0,"content":"China GDP growth bringing everyone to the moon!  [得意] [得意] [得意]","text":"China GDP growth bringing everyone to the moon!  [得意] [得意] [得意]","html":"China GDP growth bringing everyone to the moon!  [得意] [得意] [得意]"}],"langContent":"EN"},{"id":166919287,"gmtCreate":1623987669949,"gmtModify":1703825794319,"author":{"id":"3583042445884722","authorId":"3583042445884722","name":"hiton","avatar":"https://static.tigerbbs.com/7bb65ab2e7146a8ea061d1c144c278e7","vip":1,"crmLevel":11,"crmLevelSwitch":0,"idStr":"3583042445884722","authorIdStr":"3583042445884722"},"htmlText":"Up up up","listText":"Up up up","text":"Up up up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/166919287","repostId":2144260237,"repostType":2,"repost":{"id":"2144260237","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1623982812,"share":"https://ttm.financial/m/news/2144260237?lang=en_US&edition=fundamental","pubTime":"2021-06-18 10:20","market":"us","language":"en","title":"UPDATE 1-China NEV sales to grow over 40% each year in next 5 years -industry body","url":"https://stock-news.laohu8.com/highlight/detail?id=2144260237","media":"Reuters","summary":"(Adds adviser's comment, background)   SHANGHAI, June 18 (Reuters) - China's new energy vehicle (NEV) sales are expected to grow more than 40% each year in the next five years, a senior official at th","content":"<html><body><p>(Adds adviser's comment, background)</p><p>   SHANGHAI, June 18 (Reuters) - China's new energy vehicle <a href=\"https://laohu8.com/S/NEV\">$(NEV)$</a> sales are expected to grow more than 40% each year in the next five years, a senior official at the China Association of Automobile Manufacturers (CAAM) said on Friday.</p><p>   Fu Bingfeng, executive vice chairman of CAAM, made the remarks at a conference held by the industry body in Shanghai.</p><p>   Fu's presentation showed that CAAM forecasts sales of NEVs, including battery electric, plug-in hybrid and hydrogen fuel cell vehicles, to hit 1.9 million units this year and 2.7 million vehicles in 2022.</p><p>   NEV makers, such as Tesla Inc   , Nio Inc   , Xpeng Inc    and BYD   , are expanding manufacturing capacity in China, encouraged by the government's promotion of greener vehicles to cut pollution.  </p><p>   China could extend tax exemptions on NEV purchases beyond 2022 to support development of the sector, Wan Gang, a high-ranking government industrial policy adviser who is often referred to in state media as China's \"father of EV\", said at the same CAAM conference.</p><p> (Reporting by Yilei Sun and Tony Munroe; Editing by Muralikumar Anantharaman)</p><p>((Y.Sun@thomsonreuters.com; +86 10 66271262; Reuters Messaging: y.sun.thomsonreuters.com@reuters.net))</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>UPDATE 1-China NEV sales to grow over 40% each year in next 5 years -industry body</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUPDATE 1-China NEV sales to grow over 40% each year in next 5 years -industry body\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-18 10:20</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>(Adds adviser's comment, background)</p><p>   SHANGHAI, June 18 (Reuters) - China's new energy vehicle <a href=\"https://laohu8.com/S/NEV\">$(NEV)$</a> sales are expected to grow more than 40% each year in the next five years, a senior official at the China Association of Automobile Manufacturers (CAAM) said on Friday.</p><p>   Fu Bingfeng, executive vice chairman of CAAM, made the remarks at a conference held by the industry body in Shanghai.</p><p>   Fu's presentation showed that CAAM forecasts sales of NEVs, including battery electric, plug-in hybrid and hydrogen fuel cell vehicles, to hit 1.9 million units this year and 2.7 million vehicles in 2022.</p><p>   NEV makers, such as Tesla Inc   , Nio Inc   , Xpeng Inc    and BYD   , are expanding manufacturing capacity in China, encouraged by the government's promotion of greener vehicles to cut pollution.  </p><p>   China could extend tax exemptions on NEV purchases beyond 2022 to support development of the sector, Wan Gang, a high-ranking government industrial policy adviser who is often referred to in state media as China's \"father of EV\", said at the same CAAM conference.</p><p> (Reporting by Yilei Sun and Tony Munroe; Editing by Muralikumar Anantharaman)</p><p>((Y.Sun@thomsonreuters.com; +86 10 66271262; Reuters Messaging: y.sun.thomsonreuters.com@reuters.net))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","NIO":"蔚来","01211":"比亚迪股份","XPEV":"小鹏汽车"},"source_url":"http://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144260237","content_text":"(Adds adviser's comment, background)   SHANGHAI, June 18 (Reuters) - China's new energy vehicle $(NEV)$ sales are expected to grow more than 40% each year in the next five years, a senior official at the China Association of Automobile Manufacturers (CAAM) said on Friday.   Fu Bingfeng, executive vice chairman of CAAM, made the remarks at a conference held by the industry body in Shanghai.   Fu's presentation showed that CAAM forecasts sales of NEVs, including battery electric, plug-in hybrid and hydrogen fuel cell vehicles, to hit 1.9 million units this year and 2.7 million vehicles in 2022.   NEV makers, such as Tesla Inc   , Nio Inc   , Xpeng Inc    and BYD   , are expanding manufacturing capacity in China, encouraged by the government's promotion of greener vehicles to cut pollution.     China could extend tax exemptions on NEV purchases beyond 2022 to support development of the sector, Wan Gang, a high-ranking government industrial policy adviser who is often referred to in state media as China's \"father of EV\", said at the same CAAM conference. (Reporting by Yilei Sun and Tony Munroe; Editing by Muralikumar Anantharaman)((Y.Sun@thomsonreuters.com; +86 10 66271262; Reuters Messaging: y.sun.thomsonreuters.com@reuters.net))","news_type":1,"symbols_score_info":{"01211":0.9,"TSLA":0.9,"XPEV":0.9,"NIO":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":28,"commentSize":14,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2144260237","isCrawlerRequest":true}