The segment of the auto industry that makes new energy or electric vehicles rode the government's favorable policies last year to big increases in both sales and output, which is expected to double 2015 net profit of 11 listed companies.

 

China quadrupled 2015 output of new energy vehicles or NEVs to 379,000, according to data from the Ministry of Industry and Information Technology.

 

In December alone, the country produced 99,800 new energy cars, triple the level of the same month in 2014. The China Association of Automobile Manufacturers said full-year output of new energy cars reached around 330,000 units.