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China’s powertrain industry should opt for diversified tech route to go electric Monika From Gasgoo | December 27 , 2020 Shanghai (Gasgoo)- New energy vehicles (NEVs) and hybrid electric vehicles (HEVs) will each account for 50% of annual new car sales in China by 2035, according to the 2.0 version of Technology Roadmap for Energy Saving and New Energy Vehicles (called “2.0 Roadmap” for short) issued in late October. The target indicates China s resolution to achieve complete electrification across the auto industry. Certainly, there are multiple tough challenges for the auto powertrain industry amid the transition towards electrification. Limited to the bottlenecks in safety, range, development cost, battery service life and infrastructures, it will still take more time for electric vehicles to be truly popularized. At the China Vehicle Powertrain Electrification International Summit 2020 held by Gasgoo earlier this month, many experts and corporates’ senior executives

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