Over-Heated New Energy Vehicle Market Triggers Worries in China

SHANGHAI, May 26 (SMM) – The red-hot new energy vehicle market is igniting concerns in China, finance.sina.com reported. 

There were more than 30 new energy vehicle projects constructed in China since January 2015 to March 2016 and total investment exceeded 100 billion yuan ($ 15.26 billion).

Industrial insiders warn that people should keep a clear head in investment in new energy vehicle market, otherwise the whole industry may experience sharp falls in the future.

Favorable policies have severed as the main drive for development of new energy vehicle market in China. The sales of new energy vehicles hit 500,000 million units in 2015, the largest in the world, based on the Ministry of Industry and Information Technology.

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