Qingdao aims to produce 400,000 vehicles by 2025

The Qingdao Municipal Government Office has issued the "Qingdao New Energy Vehicle Industry High-Quality Development Action Plan", which aims to achieve a vehicle output of 400,000 units by 2025, cultivate two new energy vehicle manufacturers with an annual output of more than 100,000 units, and achieve an industry scale of about 120 billion yuan. In addition, the new car market penetration rate will reach about 45%, and the number of vehicles in use will reach about 450,000.