On November 6, at the "Future of Global New Energy Vehicles" sub-forum of the 7th Hongqiao International Economic Forum, Vice Minister Xiong Jijun of the Ministry of Industry and Information Technology (MIIT) delivered an important speech, pointing out the direction for the future development of the new energy vehicle industry.

Vice Minister Xiong Jijun stated that the new energy vehicle industry is currently in a critical period of rapid development. To further promote industrial optimization and upgrading, MIIT will take a series of forceful measures. He emphasized that encouraging mergers and acquisitions among high-quality new energy vehicle enterprises is a crucial part of this. Through mergers and acquisitions, optimal allocation of resources can be achieved, enhancing the scale effect and market competitiveness of enterprises, and promoting the overall industry to a higher level. Meanwhile, Vice Minister Xiong Jijun also pointed out the issue of unfair competition in the new energy vehicle market.

He said that MIIT will work with relevant departments to severely crack down on such behaviors to maintain market fairness and order. This measure will not only help protect the legitimate rights and interests of enterprises but also create a better market environment for the healthy development of the new energy vehicle industry. While promoting industrial optimization, Vice Minister Xiong Jijun also emphasized the importance of system standards. He pointed out that MIIT will continue to improve the functional safety, network security, data security, and other system standards of new energy vehicles to enhance their overall quality and safety.

The improvement of these standards will provide a strong guarantee for the sustainable development of the new energy vehicle industry. In addition, Vice Minister Xiong Jijun also revealed that MIIT is formulating guidance on the battery swapping mode for new energy vehicles. He said that the promotion of the battery swapping mode will help solve issues such as range anxiety and charging difficulties for new energy vehicles, enhancing user experience. This measure will undoubtedly provide strong support for the further expansion of the new energy vehicle market. When talking about the electrification of commercial vehicles, Vice Minister Xiong Jijun said that MIIT is studying policy measures to accelerate the electrification of commercial vehicles.

He emphasized that the electrification of commercial vehicles is one of the important directions for the development of the new energy vehicle industry, which will help reduce emissions pollution and promote the development of green transportation. Finally, Vice Minister Xiong Jijun said that MIIT will continue to closely monitor the development dynamics of the new energy vehicle industry, timely adjust and improve relevant policies and measures, and provide a strong guarantee for the healthy and rapid development of the new energy vehicle industry. This speech not only pointed out the direction for the future development of the new energy vehicle industry but also provided enterprises with a clearer development path and policy support. We have reason to believe that under the strong promotion of the industry regulatory authority MIIT, the new energy vehicle industry will usher in a brighter future.