Shanghai to make big splash in NEV sector 1 2021-02-26 15:35:00China Daily Editor : Mo Hong'e ECNS App Download Employees put finishing touches to a vehicle at Tesla's gigafactory in Shanghai on Nov 20. (Photo/Xinhua) New energy vehicle output will account for 35 percent of Shanghai's auto manufacturing industry and reach 350 billion yuan ($54 billion) by 2025, said a five-year action plan for the sector that was unveiled recently. Shanghai will look to expand the annual production capacity of green cars to more than 1.2 million units by 2025 and raise the output value to 350 billion yuan, or more than 35 percent of the city's car industry value, Qiu Wenjin, deputy head of the Shanghai Municipal Development and Reform Commission said on Thursday while releasing the new energy vehicle industry development plan for the 14th Five-Year Plan period (2021-25).