East China's Jiangxi province will advance new energy vehicles (NEVs are BEVs and PHEVs), raising output to half a million by 2020, according to a Xinhua news agency report.

The report notes that Jiangxi has rich lithium and rare earth resources, and the NEV industry will be a priority, citing a provincial government document.

According to the report, by 2020, Jiangxi will boost its technological level in the NEV industry so that lithium battery output is expected to reach 40gWh, with NEV industry revenue expected to reach 50 billion yuan (about US$8 billion).

By 2020, 75 percent of the new public buses will be NEVs, and consumers will be encouraged to purchase 100,000 NEVs.

Jiangxi will also expand charging facilities, aiming to have 260 stations and 100,000 posts by 2020.

A total of 777,000 new energy vehicles were sold in China last year, up 53.3 percent year-on-year, according to the China Association of Automobile Manufacturers.

China's stock of new energy vehicles is the world's largest, with 1.53 million as of the end of 2017. Many, however, are relatively crude products made by local OEMs.