Shanghai (ZXZC)- China's is to ease the admission regulation over new energy vehicle (NEV) manufacturers and their production to invigorate the NEV market.

China's Ministry of Industry and Information Technology (MIIT) issued in 2017 the Provisions on the Access Administration of NEV Manufacturers and Products (the Provisions) for the sake of sustainable and sound develop of China’s NEV industry.

“With the change of domestic and overseas situations, the threshold of market access should be lowered, and operational and post-operational oversight over businesses should be strengthened to better meet the national development demands of NEV industry”, said the ministry. Thus, it is soliciting public opinions on the amendments of the Provisions.

In a bid to further vitalize companies by offering them more development spaces and enable the market to play the decisive role in resource allocation, the “design and development capabilities” in which new energy vehicle manufacturers are required to possess by the Provisions will be removed.

Meanwhile, NEV makers' capacities to guarantee the consistency of their products and the after-sales services will be more highlighted in the future.

As the Provisions requests, the NEV makers which suspend production for 12 months or above should be published by the MIIT. However, the amendments double to period to 24 months, keeping in line with the stipulation of the Measures for the Administration of on-road motor vehicle manufacturers.

Moreover, NEV manufacturers and products which were given market access before the Provisions' formal implementation will no longer observe pertinent requirements set for grace period (from July 1, 2017 to June 30, 2019).