Overview

• China outlines a comprehensive plan to support its electric vehicle (EV) industry amid growing international trade restrictions.
• The strategy includes establishing R&D and after-sales service centers abroad, and fostering collaboration with foreign partners.
• Beijing's move comes as Chinese EV exports face probes and potential sanctions in Europe and the U.S., threatening the sector's global growth.
• China surpassed Japan as the world's top car exporter in 2023, with EVs playing a significant role in this achievement.
• The government's measures aim to safeguard exports, promote standardization, and ensure the EV sector's continued expansion.