China's EV sector set for major shift by 2025: Supply chain sees new opportunities

China's EV sector set for major shift by 2025: Supply chain sees new opportunities

Recent policy changes in China signal a comprehensive restructuring of the automotive industry, focusing on enhancing standards, supporting green energy initiatives, and managing overcapacity, particularly in electric vehicles (EVs) and new energy vehicles (NEVs). The 2024 directives emphasize sustainability and quality improvements, introducing standards for NEVs and components like power batteries, EV safety, and critical software updates for connected vehicles.

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