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China Strengthens EV Market Regulations to Prevent Unfair Competition


Photo by FMT
Photo by FMT

Summary


  • China’s National Development and Reform Commission (NDRC) pledges stricter oversight of the EV market to prevent unfair price cuts and boost industry growth.

  • The government will focus on monitoring prices and addressing false information to maintain market stability.

  • The China Passenger Car Association (CPCA) has raised its forecast for EV sales in China to 16.1 million units in 2025.


 

China has announced plans to implement stricter oversight of its electric vehicle (EV) market in an effort to curb unfair price competition and enhance the overall stability of the industry. With only three EV makers in China currently profitable, the government has expressed concerns over price cuts that could undermine market order and harm the long-term development of the sector.

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