Chongqing will invest 1.6 billion yuan boosting the auto industry in the hope that the output will achieve 3.2 million vehicles by 2015 at an annual growth rate of 16.8%, said Chongqing Economy and Informationization Commission on June 5, 2012.
Chongqing will foster 3-5 large-scale auto manufacturers with large production capacity, market share and high competitiveness within the next three years and 2-3 gargantuan groups which will be highly competitive in the international motor cycle industry.
New-energy vehicles will remain the key part in boosting the car industry.
Chongqing is designed to be a major base in China for the research and development, manufacturing, detection, recycling and utilization of energy-saving and new-energy vehicles within the next three years. The total production and sales volume of battery electric autos and plug-in hybrids is expected to exceed 100,000.