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30 OCTOBER 2018 AL CIRCLE

Use of aluminium alloy expected to enhance as Jiangsu eyes 150,000 more NEVs by 2020

EDITED BY : DEBANJALI SENGUPTA 2MINS READ

Following a three-year Blue Skies initiative released by the provincial government on September 30, Jiangsu province in China is reportedly targeting to put 150,000 new-energy vehicles (NEVs) into use during 2018-2020. The government has vowed to cover 80 per cent of the areas including environmental sanitation, postal delivery, ground transportation, and logistics by the end of 2020 in Jiangsu for the utilisation of NEVs.

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By the end of 2019, electric buses and other types of clean energy buses will also be introduced across Xuzhou and all Jiangsu cities along the Yangtze River, according to the initiative. 

In order to execute this initiative as successful as possible, Jiangsu, as per the report, has decided to continue maintaining support for NEVs tax reduction policies for at least next three years, by exempting vehicle purchase tax for certain types of NEVs.

NEV production in Jiangsu reportedly benefitted from nation-wide initiatives and increased 327.1 per cent year on year in January-June, to stand at 41,500 units. Sales also surged 621.3 per cent on the year to 43,700 units, showed data from Jiangsu Provincial Commission of Economy and Information Technology.

The data further showed that NEVs output in Jiangsu accounted for 4.4% of the province’s overall vehicles output in the first half of 2018, up 3.4 percentage points from the corresponding period last year.

This surge in the production of NEVs over the past six months also indicates a rise in the use of aluminium alloy in China. As was reported in May, the growing use of lightweight materials for the new-energy vehicles drove the demand for aluminium alloy in China.

“A rise in the use of aluminium for new energy automobiles is promoting lightweight design trends and accelerating industry growth,” said Chris Zang, project manager of Aluminium China. “In the future, aluminium will be used increasingly for vehicle bodies, doors, trunks, hoods, bumpers, heat exchange, chassis, power batteries, motor parts, and other parts and components. Backed by in-depth market research designed to understand new energy auto needs, Aluminium China 2018 will help businesses expand into these exciting new markets.”


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EDITED BY : DEBANJALI SENGUPTA 2MINS READ

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