China considers measures to stimulate car consumption

China is considering measures to stimulate car sales, and plans to adjust electric vehicle related policies to help the auto industry that has performed poorly during the New Crown epidemic to achieve healthy development.

Xin Guobin, deputy minister of China's Ministry of Industry and Information Technology (referred to as the Ministry of Industry and Information Technology) said on Monday that from February 19 to the present, the overall operating rate of enterprises in the automotive industry has increased from about 60% to 97%, and the rate of employees returning to work has increased from about 50% By 82%, the overall yield has reached the same level as last year.

Xin Guobin said at a press conference that even though the current rate of resumption of work and production is relatively high, due to insufficient market demand and increased inventories of enterprises, it is possible that in some subsequent periods, some companies will further reduce their productivity.