Fujian province | investinchina.chinadaily.com.cn

Fujian province

govt.chinadaily.com.cn Updated: 2020-07-30

Fujian attaches great importance to the promotion and application of new energy vehicles and regards it as an important starting point for accelerating the transformation of new and old kinetic energy in the province.

According to data from the Fujian Provincial Department of Industry and Information Technology, the total industrial chain value for new energy vehicles in the province exceeded 20 billion yuan in 2018.

Founded in 2011, the Fujian-based battery maker CATL is the only Chinese power battery company that has entered the international first-class car supplier system with wider international cooperation covering mainstream brands of commercial vehicles such as BMW, Daimler, Volkswagen, Jaguar Land Rover, Chrysler and Peugeot Citroen.

In 2018, the global market share of CATL was about 23 percent, ranking first in the world for two consecutive years.

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