China’s electric car market given a jump-start by government and looks set to boost lithium industry

The market for electric cars in China is huge already and it’s growing at almost an exponential rate annually. 

Commentators in the country include electric cars in the category called “new energy vehicles”, which also refers to hybrid energy vehicles, and are saying the market will be further accelerated as a result of government backing.

Edward Tse, CEO of Gao Feng management consultancy, says: “With the issuance in April 2017 of the Automotive Industry Mid to Long Term Development Plan, the Ministry for Industry and Information Technology provides guiding principles for the development of China’s auto industry for the next decade.  Continue reading China’s electric car market given a jump-start by government and looks set to boost lithium industry