Overseas electric cars will be excluded from the new round of government-backed development and sales stimulus program because of a shortage of funds and an attempt to boost local innovation, government officials said on Monday.
Imported renewable energy cars made by
"Chinese car manufacturers are capable of supplying the local demand for fuel-powered automobiles after decades of development, but in the new energy sector there's almost no space for local brands to grow," said Su.
"Fewer high-end car imports will help the nation's car industry both in terms of sales and innovation," Su added.
He also acknowledged the "achievements" made by
Excluding overseas-made cars is also because of a shortage of government funds, he added.
The nation has added 20,000 new energy cars in the last year, nearly doubling the total sales in the previous four years, and more than 20,000 new energy cars, including electricity and hybrid automobiles, were built in the first half of this year, according to the MIIT.
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