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China new energy vehicle sales to grow over 40%/yr in next 5 yrs -industry body
SHANGHAI, June 18 - China's new energy vehicle 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 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 a
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