Chinese City of Shenyang Unveils NEV Development Plan
Zhang Yushuo
/SOURCE : yicai
Chinese City of Shenyang Unveils NEV Development Plan

(Yicai Global) Dec. 4 -- Shenyang, a city in Northeast China, plans to spur the rapid development of its new-energy vehicle industry with various measures, including subsidizing investment and building charging piles. 

The city, which is the capital of Liaoning province, hopes to realize a capacity of 300,000 finished units by 2020.

Mammoth Chinese carmaker Brilliance Auto Group is based in Shenyang. A succession of large Chinese auto companies has stridden into the NEV industry in recent years and introduced multiple models, but Brilliance has not shined in this emerging sector.

Municipal authorities released a series of measures to aid development of the NEV industry, state media Liaoning Daily reported today. These include subsidizing about 5 percent of investment funds and offering a one-time award of CNY500,000 (USD73,140) to each NEV China's Ministry of Industry and Information Technology includes in its gazette of new vehicle models.

The city also plans to build five large charging stations, 1,000 public charging piles and three battery swap stations by 2020, with all facilities adopting an integrated mode which puts photovoltaic power generation, large-capacity energy storage battery and smart charging piles together to meet EV charging needs.

Shenyang hopes to attract new EV companies with these policies.

Editor: Ben Armour

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Keywords: Shenyang , New Energy Vehicle