[CMG Policy Radar] “Intelligent” NEV Industry 15th Five-Year Plan

China Macro Group | policy · business · strategy 

What it is

Issued jointly by nine bodies (MIIT, NDRC, MPS, MOT, MOFCOM, MNR, MOHURD, SAMR, CAC), the sectoral 15th Five-Year plan sets 2030 targets for the intelligent connected NEV industry. In the domestic market, NEVs should reach 70% of new passenger-car sales and 40% of new commercial-vehicle sales, with highly automated driving on highways, urban expressways and some urban roads.

Why it matters

The plan combines opening up with tighter control. It offers national treatment for foreign firms, cross-border data pilots and a bigger role in UN vehicle regulation (WP.29), but also stricter conditions for new NEV projects, mergers and cross-region consolidation, capacity warnings including for batteries, and curbs on local subsidies used to attract investment. It also envisages a national-local-enterprise safety monitoring platform and a battery digital ID to add traceability.

Implications

Medium-High. Presents opportunities for FIEs to engage in partnerships with automakers and suppliers, but price and capacity will reshape competition. Data-security and autonomous-driving safety requirements raise compliance costs.

Author:

Max de Bruyn Gomez

Analyst at CMG