(GlobalTimesAI) — Chinese authorities have stepped up efforts to regulate the country’s fast-growing new energy vehicle (NEV) sector, aiming to ensure fair competition and safeguard industry standards.

On Friday, the Ministry of Industry and Information Technology, along with the National Development and Reform Commission and the State Administration for Market Regulation, held a high-level meeting with NEV industry stakeholders to discuss stronger measures for maintaining orderly market practices.

The meeting emphasized the importance of promoting lawful, fair, honest, and well-regulated competition amid intensifying rivalry in China’s rapidly growing electric mobility sector.

According to an official statement issued after the meeting, Chinese regulators will introduce tighter monitoring of product pricing and carry out conformity inspections to check whether NEV products meet required standards. Authorities also plan to reduce payment delays for suppliers to ease financial pressures along the supply chain.

In addition, officials pledged to accelerate the rollout of new industry standards, including power consumption limits for NEVs and enhanced battery recycling safety norms. These steps will be complemented by the creation of regular communication channels to gather feedback from NEV manufacturers and address industry concerns promptly.

China, the world’s largest EV market, has seen fierce price competition and rapid innovation in recent years, prompting regulators to focus more closely on ensuring a level playing field for both established players and emerging startups.