Shanghai attaches great importance to the development of new energy vehicle industry, and its output is growing extremely fast. In the first half of this year, the output of new energy vehicles was 420,000 units, an increase of about 30%, and the annual output ranked first among cities in China. In 2021, it will reach 630,000 units, accounting for one fifth of the whole country. The cumulative sales of new energy vehicles is 756,000 units, of which 86,000 units were sold in the first half of this year.
At present, 1,110 new energy models from 125 brands of 112 carmakers have been sold in Shanghai. By 2025, the output of new energy vehicles in Shanghai is expected to exceed 1.2 million units, with an output value exceeding RMB350 billion. The production of new vehicles with advanced intelligent connectivity functions will account for more than 50%, making Shanghai a world-class automobile industry hub.
Around intelligent terminals such as new energy and intelligent networked cars, the state, Shanghai, Jiading, Pudong and Lingang New Areas have issued a series of preferential subsidy policies. For example, Shanghai has added 40,000 car licenses this year, and the winning rate of individual consumers will be greatly increased. Consumers who trade in old cars and buy pure electric vehicles will be subsidized by RMB10,000 per vehicle, while the blue license quota of previous fuel vehicles can be kept under the name of new electrical cars. Jiading District subsidizes RMB10,000 for the purchase of a new car priced below RMB150,000 and RMB20,000 for any new car above RMB150,000. Pudong and Lingang are also formulating corresponding support policies. Furthermore, the application for license is accelerated through "One-stop Access", and the license can be obtained within 7 business days at the earliest.
