MIIT to take measures to ensure supply and stabilize price of key NEV raw materials

On February 6, a relevant head of the First Equipment Industry Department of the Ministry of Industry and Information Technology (MIIT) said in response to the reporter's question on the "Notice on Organizing the Pilot Work of Comprehensive Electrification of Vehicles in the Public Sector" that the production and sales of new energy vehicles (NEVs) would maintain rapid growth this year.Asian Metal CopyrightOn February 6, a relevant head of the First Equipment Industry Department of the Ministry of Industry and Information Technology MIIT said in response to the reporter's question on the "Notice on Organizing the Pilot Work of Comprehensive Electrification of Vehicles in the Public Sector" that the production and sales of new energy vehicles NEVs would maintain rapid growth this year.Asian Metal Copyright MIIT will focus on five aspects of work in the next step, including optimizing policy supply, ensuring stable operation, supporting innovation and breakthroughs, optimizing the development environment, and deepening open development.

The head mentioned that multiple measures should be taken to ensure the supply and stabilize the price of key raw materials, including: improving the early warning mechanism of automobile production risks, strengthening international cooperation in resource development, promoting domestic mining, and combating speculation and other unfair competition.

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