China’s latest electric vehicle industry plan introduces stricter entry barriers, requiring new manufacturers to secure government approval before production begins. The policy also mandates consolidation by 2030, pushing smaller players to merge or exit the market to streamline competition. Authorities aim to strengthen domestic dominance in EV production while addressing overcapacity concerns. Industry observers warn the move could reshape the sector’s competitive landscape.
China Bars New EV Makers and Orders Consolidation in 2030 Industry Plan eletric-vehicles.com
