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China’s BAIC Vows to Go All-Electric by 2025
Beijing Automotive Industry Holding Co. tells China Daily it intends to stop making and selling conventional and hybrid vehicles under its own brand by 2025.
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Beijing Automotive Industry Holding Co. tells China Daily it intends to stop making and selling conventional and hybrid vehicles under its own brand by 2025.
BAIC also produces piston-powered vehicles through joint ventures with Daimler and Hyundai. About 11% of the manufacturer’s sales of self-branded vehicles are so-called “new energy” models, a category that encompasses hybrid and all-electric cars.
The chairman of the state-owned company, Xu Heyi, also tells China Daily that BAIC will stop selling non-electric cars in Beijing in 2020.
Last autumn China’s central government declared it would outlaw the production of fossil-fuel-burning vehicles nationwide by 2040. The government wants new-energy vehicles to account for at least 20% of all car sales in China by 2025.
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