Joint cooperation plan for manufacturing energy storage vehicles

4 FAQs about [Joint cooperation plan for manufacturing energy storage vehicles]

What is MIIT''s new energy storage plan?

The plan, jointly issued by eight departments including the Ministry of Industry and Information Technology (MIIT) on Monday, seeks to foster high-quality development in the new-energy storage manufacturing.

What is China''s new energy storage plan?

The plan said that the new-energy storage industry is a key source of support for advancing the construction of a manufacturing powerhouse and promoting the efficient development and utilization of new-energy resources. By 2027, China aims to cultivate three to five leading enterprises in the ecosystem.

Is cost reduction a key priority for China''s energy-storage industry?

Cost reduction is one of the key priorities for China''s energy-storage industry, which is essential to achieving targets, Lin Boqiang, director of the China Center for Energy Economics Research at Xiamen University, told the Global Times on Monday.

How can China improve the value chain of new-energy storage manufacturing?

To enhance support for the value chain of relevant manufacturing enterprises and foster a service-oriented manufacturing model, China seeks to drive the extensive adoption of next-generation information technologies, including blockchain, big data, artificial intelligence and 5G, within the new-energy storage manufacturing sector, the plan said.

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