The Ministry of Industry and Information Technology, along with eight other departments, has released the '15th Five-Year Plan' for the Development of the Intelligent Connected New Energy Vehicle Industry. The plan emphasizes the need to bolster early warning systems and regulatory oversight of production capacity. It mandates strict adherence to relevant industrial policies and rigorous enforcement of criteria for new independent new energy vehicle enterprise projects. The departments aim to ramp up efforts in facilitating mergers, acquisitions, and cross-regional integration among automobile enterprises, while also advancing reforms in group management structures. By employing market-oriented and legal measures, they seek to promote the orderly phase-out of outdated production capacities and enhance overall production capacity utilization. Additionally, the plan underscores the importance of strengthening early warning and regulatory management concerning power battery production capacity.
