BAIC Predicts 35-Fold Surge in Electric Car Sales on State Push

  • Automaker may choose Shanghai or Shenzhen for unit's IPO
  • BAIC targeting to more than double EV sales this year

BAIC Group, the automaker owned by the Beijing municipal government, may boost its electric-vehicle sales by as much as 35-fold by 2020, helped by government incentives and investments in charging infrastructure, according to a senior executive.

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