On June 23, Guo Shougang, the Director-General of the No. 1 Department of the Equipment Industry at the Ministry of Industry and Information Technology, announced at a press conference held by the Information Office of the State Council that the Ministry is set to fully implement the strategies outlined by the Party Central Committee and the State Council aimed at stabilizing and expanding automobile consumption. The specific measures are as follows: Firstly, by reinforcing top-tier planning, the Ministry will expedite the formulation and issuance of the '15th Five-Year Plan' for the intelligent connected new energy vehicle industry, thereby fostering industrial upgrading. Secondly, with a focus on technological innovation, the Ministry will accelerate the research, development, and commercialization of cutting-edge technologies such as next-generation power batteries, automotive chips, operating systems, and autonomous driving capabilities, ensuring that the fruits of innovation reach consumers. Thirdly, to stabilize market operations, the Ministry will implement plans to sustain growth in the automotive sector, collaborate with departments like the Ministry of Commerce to pilot reforms in automobile circulation and consumption, encourage the replacement of old vehicles with new ones, and unlock market potential. Lastly, the Ministry will regulate the competitive landscape, building upon the achievements of previous efforts to maintain a robust and orderly market environment.