China’s top economic and industry watchdogs have intervened to curb a protracted price war in the nation’s electric vehicle (EV) sector, summoning 17 major automakers to a high-level symposium on Wednesday. The joint meeting, convened by the Ministry of Industry and Information Technology (MIIT), the National Development and Reform Commission (NDRC), and the State Administration for Market Regulation (SAMR), aimed to steer the industry away from “disorderly” competition. (Reuters)
Promoting Industrial Health
The regulators urged the automotive giants to resist irrational pricing strategies that could destabilize the world’s largest EV market. In a statement following the meeting, the MIIT emphasized the importance of fostering a fair competitive environment and maintaining production standards. The authorities are pushing for a transition from cost-focused rivalry toward innovation-driven growth, highlighting that healthy market development relies on high-quality offerings rather than aggressive discounting.
Enforcement and Oversight
To ensure compliance, the three departments announced they would intensify market monitoring and law enforcement. This regulatory oversight is designed to protect both the long-term viability of the sector and the interests of consumers by preventing unfair trade practices. By coordinating between the state planner, the industry ministry, and the market regulator, Beijing is signaling its intent to transition the EV industry toward more sustainable, value-based competition.