Ministry of Industry and Information Technology: Launching Special Initiative to Elevate Automotive Standards and Steer Companies Away from Low-Price Competition
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Author:小编   

On September 11, the Ministry of Industry and Information Technology convened a press conference to shed light on the progress within China's intelligent connected new energy vehicle sector. During the event, Guo Shougang, the Director of the No.1 Department of Equipment Industry at the Ministry, outlined forthcoming strategies. These involve bolstering cross-departmental cooperation to consistently oversee and refine the competitive landscape of the automotive industry, fostering its high-caliber growth.
Key actions encompass tackling online irregularities within the industry, formalizing the introduction of new vehicle models and product assessment procedures. Additionally, there's a push for automakers to amend practices that inadvertently prolong payment periods, enhancing the uniformity of financial transactions. Moreover, the ministry plans to ramp up supervision and enforcement against infractions and unlawful conduct, ensuring a robust and orderly market atmosphere.