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Zhejiang aims to produce more than 1.2 million NEVs annually by 2025

On January 29, Zhejiang issued an action plan to accelerate the development of the new energy vehicle (NEV) industry. The goal is that by 2025, the industrial cluster development layout will be more optimized, the industrial scale and competitiveness will rank the forefront in China, the annual output of NEVs will exceed 1.2 million units, accounting for more than 60% of the total automobile production of the province and about 10% of China.