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Sales Of Pure Electric Vehicles Surged, Steel Investment Is Expected To Grow Steadily

Jun 06, 2019

According to the statistics of China Association of Automobile Manufacturers, in the first four months of this year, China’s pure electric vehicles sold a total of 278,000 vehicles, a year-on-year increase of 65.2%.

Chen Qingtai, chairman of the China Electric Vehicle Hundred People's Association, predicted that by 2030, China's electric vehicle production and sales will exceed 15 million by 2030.

Chen Qingtai believes that as the cost-effectiveness of electric vehicles exceeds that of fuel vehicles, and the cost of generating electricity such as solar and wind energy is lower than fossil energy, the development momentum of China's electric vehicle industry will be significantly enhanced.

Zhuo Chuang Information Steel analyst Xue Di also told China Securities Journal that under the premise of the steady development of China's new energy technology and the strong support of the state's finances, the cost of home purchases will gradually decrease, prompting the car in the next decade. Steel input will increase steadily.

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