China's MIIT to improve investment and financing support, guide automakers' overseas expansion during 15th Five-Year Plan
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On September 28, at a press conference for the 2026 World Intelligent Connected Vehicles Conference, Hao Lishun, Deputy Director of the First Equipment Industry Department of China's Ministry of Industry and Information Technology (MIIT), announced that the MIIT has jointly compiled and released the '15th Five-Year Plan for the Development of the Intelligent Connected New Energy Vehicle Industry.' The plan aims to build global industrial and supply chains, enhance overseas development service capabilities, and support foreign-invested enterprises in cooperating within China. For the 15th Five-Year Plan period (2026-2030), the MIIT will encourage global collaboration and cross-sector integration. It will support foreign companies to deepen their presence in China, leveraging the country's complete industrial chain and vast market. Simultaneously, it will guide domestic automakers to learn from international best practices, improve innovation and competitiveness, and promote Chinese technology and brands globally. The MIIT will deepen international trade and investment cooperation, improve cross-border logistics and financing support, strengthen overseas risk prevention and corporate compliance, and guide enterprises to conduct overseas expansion in a steady and orderly manner.
Source report
September 28, 2024 — At a press conference for the 2026 World Intelligent Connected Vehicles Conference, Hao Lishun, Deputy Director of the First Department of Equipment Industry under the Ministry of Industry and Information Technology (MIIT), announced that the MIIT, in collaboration with relevant departments, has recently formulated and released the "15th Five-Year Plan" for the Development of the Intelligent Connected New Energy Vehicle Industry.
The plan outlines key objectives, including:
- Building a global industrial and supply chain
- Enhancing overseas development service capabilities
- Supporting foreign-invested enterprises in investing and cooperating in China
The goal is to create a market-oriented, law-based, and internationalized first-class business environment, and to open a new chapter in global industrial cooperation.
Looking ahead to the "15th Five-Year Plan" period, the MIIT will:
- Encourage global collaboration and promote cross-sector integration
- Build an industrial development pattern featuring complementary advantages and mutual benefits
On one hand, the MIIT will support foreign-invested enterprises in deepening their presence in the Chinese market. Leveraging China's complete industrial chain foundation and its vast market scale, these enterprises can innovate technologies, optimize products, and share in industrial development opportunities.
On the other hand, the MIIT will actively guide domestic automotive enterprises to learn from advanced international practices, enhance their independent innovation capabilities and overall competitiveness, and promote the global expansion of Chinese technology and brands.
During the "15th Five-Year Plan" period, the MIIT will:
- Deepen international trade and investment cooperation
- Improve supporting infrastructure such as cross-border logistics, investment, and financing
- Strengthen overseas risk prevention and corporate compliance building
- Guide enterprises to carry out overseas expansion in a steady and orderly manner
(Source: Securities Times)
Source
财联社Eastern
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China's MIIT unveils 15th Five-Year Plan to guide global expansion of smart EV industry