Guangdong province plans to develop its new-energy vehicle industry chain in five years, according to an official document released in connection with the country's 2012-20 Energy-saving and New-Energy Vehicles Development Plan.

The document said that Guangdong will focus on the promotion of new-energy vehicles and provide support to companies contributing to the industry.

The number of new-energy buses in the Pearl River Delta region is expected to reach 50,000 by 2015.

As a leading company in the sector, BYD has been developing its electric bus models in recent years. "The policy will certainly accelerate the development of new-energy vehicles," a BYD official told the Shanghai Securities News. "BYD is likely to have a significant part of market share as we already have mature technology and extensive operating experience."

China Daily - Agencies