Beijing Plans to Build Best Environment for New Energy Cars

Beijing plans to build the best environment for the development of new energy vehicles in China, according to a statement released Thursday on the website of the Beijing Municipal Commission of Economy and Information Technology.

In the 2011-2015 period, Beijing will push forward the research and industrialization of battery-powered electric vehicles and these vehicles' key components, as well as hybrid cars, said the statement intended as the five-year plan of Beijing's auto industry.

The city will also assist self-owned brands in constructing production lines for electric automobiles and speeding up the localization of key technologies, it said.

According to the plan, Beijing will strive to reach the production value target of 560 billion yuan (about US$88.03 billion) in the gross industrial output value in the automobile industry.

By 2015, Beijing will cultivate one transnational automobile conglomerate with an output value of 300 billion yuan, three automobile enterprises with a value of over 100 billion yuan, and several auto components enterprises.

In order to create the best social environment for new energy cars in China, Beijing will also issue preferential policies to encourage the purchase, rental and use of new energy cars.