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As the approach of 2010 Shanghai World Expo, many Chinese automakers focus on developing new energy and clean autos. Foton Motors invested 500 million yuan to set up research and development centers for its energy saving and emission reduction technology. It also built a technology center to develop new energy vehicles. SAIC Motors announced it will spend 12 billion yuan to develop new energy vehicles. News from Changan Auto reveals that it plans to invest one billion yuan in new energy vehicles business over the next three years.
Summarize getting the news from Chinese government reveals that it plans to develop 500-thousand electric and hybrid auto in China. The sales volume of new-energy auto needs to occupy 5 percent of total sales.