Fresh measures to fuel new energy vehicle sector

China is set to roll out a series of targeted measures to fuel growth in its new energy vehicle sector, as part of broader efforts to stabilize key industries and drive economic growth, said the country's top industry regulator on Tuesday.

"With domestic competition intensifying and international trade barriers rising, we will implement more precise measures to sustain the NEV industry's growth momentum, particularly focusing on accelerating breakthroughs in crucial technologies such as new system batteries," said Zhang Yunming, vice-minister of the Ministry of Industry and Information Technology, during a State Council news briefing.

New system batteries, which incorporate cutting-edge solidstate materials, offer significant improvements in energy density while dramatically enhancing both safety and stability. This advancement is being closely watched by countries around the world, positioning it as a key battleground in the global race for next-generation vehicle supremacy, industry experts said.