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CN MIIT to Encourage Quality NEV Firms to Merge and Restructure
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Xiong Jijun, Vice Minister of China's Ministry of Industry and Information Technology (MIIT), stated at a forum that the MIIT will encourage quality enterprises to merge and restructure for higher industry concentration, while collaborating with relevant departments to combat unfair competition, create a fair and orderly market environment, and continue to improve standards for functional safety, network security, and data security in the new energy vehicle (NEV) sector. In addition, the MIIT will develop guidelines for the battery swapping model of NEVs and policies to accelerate the electrification of commercial vehicles, facilitating the comprehensive market expansion of NEVs. AAStocks Financial News |
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