IHS Markit’s Shawn Ryan to participate in the We Guarantee IT panel at Advanced Advertising Summit, October 28 | Ne… https://t.co/Nui0NKhgoi
China to further regulate low-speed EV industry, curb new capacity
China's top industry regulators, including the Ministry of Industry and Information Technology (MIIT) and National Development and Reform Commission (NDRC), issued a statement on 8 November relating to further regulation of the low-speed electric vehicle (EV) industry. According to the statement, provincial governments are required to carry out a thorough investigation of enterprises engaged in the manufacturing of low-speed EVs in their regions. New capacity related to production of such vehicles will not be approved. Applications for market entry of new models will not be approved under the new regulations.
Significance: In China, a low-speed EV is defined as a pure battery electric vehicle with a designed travelling speed of less than 70 kilometres per hour. Pushed by growing demand in rural areas and small townships and cities, the low-speed EV market flourished in the past five years. However, the industry has never been properly regulated due to lack of standards. Low-quality products also lead to surging numbers of road accidents. Such vehicles are also believed to inhibit the growth of the sub-compact EV segment. The Chinese regulators' determination to clamp down on the low-speed EV industry has also put an end to manufacturers which intended to bring unique products to the market. A typical case is CHJ Automotive's SEV project. The auto start-up company decided to halt its project of the SEV, a mini-size low-speed EV which it debuted in Europe, due to lack of regulation and subsidies to support the market adoption of such vehicles in China.
Read more articles like this one. Get a free trial to AutoIntelligence Daily
- US DOT makes more awards of autonomous vehicle research funding
- Canada considering adopting Californian emissions requirements
- Frankfurt Motor Show 2019: Important production EVs, premium concepts and city cars dominate launches
- Frankfurt Motor Show 2019: Climate change campaigners call for SUV ban
- UK government inaugurates testing facility for autonomous vehicles
- On-going talks about 400 public EV charging stations in Kolkata
- Sneak Preview: Frankfurt Motor Show 2019
- Two US senators question cybersecurity vulnerabilities of connected cars
Listen as Chris Hopson discusses global automotive demand results..."things will get worse before they get better". https://t.co/iHkHn3vnwT
Utility vehicle market crowding is on the horizon. IHS Markit expects utility offerings to increase 50% in the nex… https://t.co/MoG1WAppY3