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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