Top 10 events between Shanghai and Beijing auto shows
Updated: 2016-05-11 06:54
China is the world's largest and probably fastest-growing auto market, where breaking news happens every day: exciting innovation, history-making moments, far-reaching policies or outrageous scandals.
Below are China Daily's senior motoring editors' picks of the top 10 events that shook or shaped China's auto industry since last year. They offer readers a quick review of what happened and some insights into what is around the corner.
New-energy car market soars but at a cost
Visitors check out a new energy vehicle powertrain in Nanjing city, Jiangsu province on April 17, 2016. [Su Yang / For China Daily]
The new-energy vehicle market in China, which mainly includes pure electric and plugin hybrid automobiles, have taken off since last year because of government subsidies.
In the first quarter of the year, new-energy vehicle sales doubled year-on-year to 58,125 units. Last year, sales more than quadrupled to 331,000 units. But the sector is being plagued by dozens of subsidy fraud practices from automakers. The central government launched a fraud probe at the beginning of the year and has vowed to punish cheaters. According to industry experts, the new-energy vehicle market will slow down significantly when government incentives end in 2020.