Overview
- On Thursday, the Ministry of Industry and Information Technology and eight other ministries published a five‑year plan that sets targets for NEVs to make up 70% of passenger‑car sales and 40% of commercial‑vehicle sales by 2030 and calls for large‑scale rollout of highly automated driving on highways, urban expressways and some city roads.
- The plan says regulators will strictly control licences for new independent NEV makers, promote lawful mergers and cross‑regional consolidation, and use market‑based rules to push outdated and inefficient production out of the market.
- Beijing will tighten safety and oversight by raising approval rules for autonomous systems and batteries, creating a national‑local‑enterprise three‑tier safety monitoring platform, and adding battery production to an industry early‑warning system.
- The package pairs tighter controls with support measures that keep purchase‑tax preferences, trade‑in and rural promotion subsidies, reform NEV insurance, and add export tools such as export credit insurance and China‑Europe rail capacity to aid overseas expansion.
- The plan is likely to squeeze smaller startups and regional EV hubs that relied on local subsidies, reshape supplier and battery capacity dynamics, and accelerate consolidation among major groups as China seeks several automakers in the global top 10 by sales.