Baku. 12 December. REPORT.AZ/ BAIC, one of China’s largest carmakers, plans to phase out production of non-electric or hybrid cars under its own brand by 2025.
Report informs citing the Haberturk, BAIC Group chair Xu Heyi said.
“Our goal is to stop sales of self-developed conventional fuel-powered cars in Beijing by 2020 and stop their production and sales nationwide by 2025,” Heyi said.
The planned phase-out come after Beijing signaled in September that it would prohibit the production of diesel and petrol-fueled cars in China by 2040. It also follows a decision to require automakers to reach a certain production quota of electric vehicles next year in order to operate in the country.
In the first half of 2017 the state-owned carmaker, whose subsidiary BAIC Motor Corp is listed in Hong Kong, sold 12,215 “new energy” vehicles, accounting for 11 per cent of the total 110,651 vehicles sold under its own brand.