China's State Council said the N e V industry in China, the world's biggest auto market, has improved its technology and competitiveness in a policy paper as part of the release of the country's 14th five year Plan.

It also said the Chinese government will improve the green car quite a system to guide automakers to make MAWR environmentally friendly vehicles after it ends any V subsidies in two years on boost NTV sales for public uses such as Busses and trucks.

The production of electric vehicles is expanding rapidly in China.

In January, Elon Musk launched Tesla's Model y electric sports utility vehicle at the company's new Shanghai factory Way, intend to make continue making a significant investment in increasing the investment in China, Tessler said it would start exporting China made model three cars to more than 10 European countries this month, joining a growing number of automakers using China as an export hub for electric vehicles.

In May, Volkswagen said it planned to invest $2.33 billion in two separate Chinese electric vehicle players on in August.

Chinese electric vehicle maker, expecting increased the size of its US AIPO by more than a third to about $1.5 billion.