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Cornerstone Blog China lowers the threshold for new energy car producers to spur market vitality

China lowers the threshold for new energy car producers to spur market vitality

April 13, 2020 by Cornerstone International Group Leave a Comment

China decided to loosen market access requirements for new energy vehicle (NEV) manufacturers, in an effort to further unlock the industry’s vitality amid the COVID-19 outbreak and better promote its development, according to a statement released Tuesday.

The requirement demanding NEV producers to possess design and development abilities shall be scrapped to leave more room for their development, while a higher standard for after-sales services will be imposed, said the statement of the Ministry of Industry and Information Technology (MIIT).

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Filed Under: Cornerstone Blog Tagged With: #executivecoachinginchina

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