Three Departments Deploy Measures to Regulate Competition in the New Energy Vehicle Industry

[Policy Update] Three departments, including the Ministry of Industry and Information Technology (MIIT), jointly issued directives to standardize competition within the new energy vehicle (NEV) industry.

Key Developments: Strengthening Price Oversight and Payment Terms Commitment

The meeting called for enhanced price monitoring and cost investigations, research into standardized automotive finance policies, and strict enforcement of the 60-day payment terms commitment by enterprises. It also emphasized routine rectification of online misconduct in the industry.

Key Data Points: Focus on Breakthroughs in Chips, Software, and Autonomous Driving

A new round of high-quality development initiatives targeting key industrial chains will be implemented to accelerate efforts in addressing deficiencies in automotive chips and basic software. Additionally, technological breakthroughs in autonomous driving will be expedited, along with optimization of pilot market access procedures and accelerated development of relevant standards.

Strategic Foundation: Dual Drivers of Stimulating Consumption and Institutional Improvement

Policies will promote vehicle trade-in programs and drive large-scale adoption of new energy heavy-duty trucks, while formulating guidelines for the automotive modification market. Concurrently, legislative progress on the Administrative Regulations on Motor Vehicle Production Access will be accelerated to support exports and overseas expansion.