China’s MIIT endeavors to keep NEV policy supports continuous, steady

Shanghai (Gasgoo)- China's Ministry of Industry and Information Technology (MIIT) will coordinate the study of policies and measures related to new energy vehicle (NEV) industry, and endeavor to ensure the continuity and stability of the policy supports for each link, Wu Feng, an official from the MIIT said on Oct. 15 at the China Auto Supply Chain Conference.

Wufeng, an official from China's MIIT; photo credit: MIIT

The ministry will also improve the energy-saving and NEV industries' capacity to secure key resources and maintain the safety and stability of the supply chain, said Mr. Wu.

To lay a solid foundation for a high-quality development of China's automotive industry, the MIIT will encourage both upstream and downstream companies to boost the R&D and industrialization of key technologies and shore up the development of industrial generic technologies and open platforms.

The chip shortage and coronavirus pandemic have piled pressure on automakers' car production. To solve the problem, the MIIT joined hands with other authorities to take positive steps in a bid to ensure the stable running of auto industry, said Mr. Wu.

The MIIT held a number of meetings where domestic and foreign automakers, auto parts suppliers, and chip providers can systematically analyze the status quo of China's auto supply chain. Meanwhile, it significantly supported companies in strengthening the R&D of key technologies and improving the ability to identify risks about the supply chain.

On the other side, the MIIT also centered forces and resources on solving the chip crunch issue. It set up a working team for the promotion of auto-related semiconductors, supported the establishment of the China Automotive Chip Industry Innovation Strategic Alliance, and promoted relevant companies to resume production and achieve output goals.