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Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
BEIJING, March 19 (Xinhua) — Chinese authorities have unveiled plans to strengthen price monitoring and cost investigations as part of further efforts to regulate competition in the new energy vehicle (NEV) industry.
Part of such efforts includes normalizing financial policies in the auto industry and making the fight against network chaos in the industry permanent and long-term, according to China's Ministry of Industry and Information Technology and two other government agencies, which recently held a joint meeting with NEV companies.
The meeting discussed, in particular, the need to intensify interdepartmental cooperation and strengthen innovative growth methods in order to ensure the industry achieves higher-quality development.
There was also a call for accelerated elimination of weak links in automotive chips and underlying software, wider adoption of new technologies, and faster breakthroughs in autonomous driving technology.
Other priorities were also identified at the meeting, including increasing automobile consumption. Key measures, as stated by the participants, include a special campaign to stimulate consumption and the implementation of trade-in programs.
China has been the world's largest NEV market for 11 consecutive years. According to the China Association of Automobile Manufacturers, NEV production and sales volumes in 2025 will reach 16.63 million and 16.49 million units, respectively, representing year-on-year increases of 29 percent and 28.2 percent. -0-
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