China's MIIT and Eight Other Departments Issue 15th Five-Year Plan for Intelligent Connected New Energy
China's Ministry of Industry and Information Technology and eight other departments issued the 15th Five-Year Plan for the intelligent connected new energy vehicle industry. The plan calls for greater lawful merger and reorganization of automakers and cross-regional integration, and for deepening reform of group-based management of vehicle production enterprises. No specific years, targets, or financial figures were disclosed in the announced arrangements.
The 15th Five-Year Plan for the development of the intelligent connected new energy vehicle industry sets out arrangements for mergers, reorganization, and cross-regional integration of automakers.
The plan specifies that efforts to promote lawful merger and reorganization of automakers and cross-regional integration will be intensified.
The plan also specifies that reform of group-based management of vehicle production enterprises will be deepened.
The relevant arrangements were proposed by the Ministry of Industry and Information Technology and eight other departments.
Why this event matters
The event has a measured impact on 3 industrys. The strongest current signal is positive for New Energy Vehicles, with intensity 75/100 and 80% confidence over a medium term horizon.
New Energy Vehicles
- Direction
- positive
- Intensity
- 75
- Confidence
- 80%
- Horizon
- Medium term
Conventional Vehicles
- Direction
- mixed
- Intensity
- 60
- Confidence
- 70%
- Horizon
- Medium term
Auto Parts
- Direction
- mixed
- Intensity
- 55
- Confidence
- 65%
- Horizon
- Medium term
Impact figures are analytical estimates that combine direction, intensity, confidence and event importance. They are not investment advice.