Chinese automaker Chang’an Auto announced it would stop selling traditional fossil fuel cars by 2025 and fully be engaged in new energy cars.
In a plan announced, it will spend 100 billion yuan (15 billion US dollars) and mobilize 10,000 R&D workers by 2025 to develop quality new energy vehicles.
The company on Thursday also released three new electric models the CS15EV, EADO PHEV and New EADO EV300.
Chang’an Auto will have 21 new pure electric vehicle models and 12 plug-in hybrid electric vehicles by 2025. The company sold more than 3 million vehicles last year.
China is working on a national strategy on smart cars, and considering banning production and sale of fossil fuel cars, according to policy makers attending a forum on automotive industry development last month.
The 2018 Boao Forum for Asia (BFA) annual conference is scheduled for April 8 to 11 in Boao, Hainan Province. The forum will be themed "An Open and Innovative Asia for a World of Greater Prosperity."
— The Daily Mail - People's Daily