Shanghai plans 350 billion yuan annual output value of NEV manufacturing industry by 2025

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Shanghai (Gasgou) – Shanghai expects the annual output value of its new energy vehicle (NEV) manufacturing industry to reach around 350 billion yuan ($ 54.123 billion) by 2025, according to a document released by the government Shanghai Municipal earlier this week.

Roewe RX5 eMAX; photo credit: Roewe

The document covers the 14th five-year plan for the development of strategic emerging industries and high-tech industries in Shanghai. During the period 2021-2025, Shanghai will further increase the proportion of all-electric and fuel cell vehicles in new vehicle sales, prompt major automotive manufacturing companies to accelerate the transition to emerging industries of strategic importance and will promote a range of small- and medium-sized auto parts suppliers with more than 10 billion yuan in annual sales, according to the plan.

To achieve these goals, Shanghai will strive to make breakthroughs in power battery technologies, improve energy density, safety performance and battery life, improve system integration, lightweight structuring and control intelligence for high power / density electric motors. and control systems.

As part of efforts to promote the market application of hydrogen fuel cell vehicles (FCVs), the mega-city will strive to make breakthroughs in core technologies related to key components such as the electrode membrane, fuel cell and proton exchange membrane, the cost of developing and manufacturing FCVs, and perfecting the deployment of hydrogen refueling stations.

Regarding the development of intelligent connected vehicles (ICV), Shanghai will encourage enterprises to intensify their cooperation on R&D of technologies and facilities such as automotive-grade chip, on-board operating system, computer platform on-board vehicle compatible with AI, Internet of Vehicles (IoV-based Communications), LiDAR, millimeter wave radar, professional test equipment, drive-by-wire execution system, high precision map and sensors, as well as commercial exploitation and application of LCI in specific scenarios.

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