Chinese Premier Li Keqiang Praises New Energy Vehicle Sector At Industry Event

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SHANGHAI: Chinese Prime Minister Li Keqiang on Saturday praised the country’s domestic new energy vehicle (NEV) industry, stating that the sector “will continue to deepen international cooperation” in a letter shared with attendees at the World New Energy Vehicle Congress in Beijing.

Li added that the country’s support for NEVs is “in line with international rules,” and that China needs extensive international cooperation to tackle climate change.

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The Chinese auto sector has been hit hard by the government’s efforts to combat COVID-19, with many areas, including the commercial center of Shanghai, of varying lengths being shut down.

The sector has seen a slight recovery since the lockdown in Shanghai was lifted, although heatwaves across the country have also affected production this summer.

However, sales of pure electric and plug-in hybrid vehicles more than doubled in the first half from a year ago, thanks in part to government subsidies and tax exemptions.

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