Top Chinese officials, industry leaders may discuss capping EV output at ‘two sessions’

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Chinese government officials and industry leaders are expected to discuss plans to control domestic electric vehicle (EV) makers' output during China's annual legislative meetings, known as the "two sessions", which start on Wednesday. Analysts predict that regulators will encourage EV companies to prioritize technological innovation over price cuts to enhance competitiveness. This comes after a year of measures aimed at combating deflationary pressures, including banning EV makers from selling cars below cost and delaying payments to suppliers. Top officials from various authorities, including the Ministry of Industry and Information Technology, as well as CEOs of major carmakers, will participate in the meetings. The discussions aim to address slowing sales growth, weakening policy subsidies, and rising costs facing the industry. The outcome is expected to shape China's EV growth philosophy.
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