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China considers resuming the production license for electric vehicles

It is reported that some sources said that China considered the first half of 2018 the resumption of the issuance of electric vehicle production permit, the so-called new energy vehicle license plate. Since March 2016, the Chinese government has issued 15 licenses. As a result of the exposure of such acts as "cheating for cheating," the NDRC has virtually suspended the relevant examination and approval so as to limit the expansion of production capacity and raise the threshold for new participants. The source said regulators are studying to amend the current approval requirements and to handle dozens of hand squeeze applications.

At present, the approval of traditional automobile investment by the State Council, and in principle no longer approve the establishment of new traditional fuel-car manufacturers, and investment projects in the field of new energy vehicles only NDRC approval. The passenger car double integration policy launched in September further increased the support for new energy vehicles, accelerated the transformation of traditional vehicle manufacturers and also attracted more and more Internet capital.

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