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Recently, Youngman Automobile Group Co., Ltd. announced that a new energy vehicle project was established with the total investment of over 4 billion Yuan in Nanning in Zhejiang province, which was the project with the most investments by now in China.
This project refers to light-duty vehicles, cars, new energy power system, axles, transmission, and interior decoration and covers the total investment of more than 4 billion Yuan as well as expected sales of over 20 billion Yuan. The project will be launched into production in two years.
Pang Qingnian, the President of Youngman Automobile Group Co., Ltd. showed that new energy was the only way to the development of auto industry. He emphasized that the energy emission was reduced through the enhanced fuel-saving based on new energy technology and increasing of seats. On the other hand, there have been hybrid power natural gas buses in test operation and sample vehicles of electronic vehicles. However, "The new energy technology is not quite mature, the service life is short and the price is expensive, which is not good for the large-sized promotion of electric vehicles and leads to a waste of resources and capital." Mr. Pang believed that the most importance for new energy vehicles is the improving of technology so that the cost and price could be reduced and the large-sized production could be realized.
Shown above, the new energy project possibly focuses on the accumulation and the promotion of the technologies of new energy vehicles. In the prophase, fuel-powered vehicles with energy-saving effect are main points. "Currently, the technology is not so mature, but it is certain that the large-sized production can be made if we proceed with the way." Pang said in the interview.
Experts analyse that it is a long-term investment in the new energy vehicle industry. The operators of large state-owned automobile group pay more attention to the profits in their term, while the private companies hold new energy vehicles as the strategy for the long-term development. Therefore, the passion from private companies is more powerful than that of state-owned corporations. Although the related policies launching, the private companies all believe that it costs much time for cultivation and specially depends on the promotion of technologies not only for policies.