The Ministry of Industry and Information Technology advocates for the governance of irrational competition in the power and energy storage battery industry

The Ministry of Industry and Information Technology held a symposium today (28th) for manufacturing enterprises in the power and energy storage battery industry. Minister Li Lecheng pointed out that in recent years, with the joint efforts of all parties, China's power and energy storage battery industry has rapidly developed and grown, forming global competitive advantages in market scale, innovation capability, and industrial system; at the same time, the industry still faces many problems and challenges.

Li Lecheng stated that it is necessary to comprehensively and objectively understand the industrial development situation, earnestly implement the decisions and deployments of the Central Committee regarding the comprehensive rectification of "involution" competition, accelerate the introduction of targeted policy measures, govern irrational competition in the power and energy storage battery industry according to laws and regulations, strengthen capacity monitoring, early warning, and regulation, increase the supervision and inspection of production consistency and product quality, crack down on intellectual property violations, and guide enterprises to scientifically layout capacity and reasonably and orderly "go abroad."

He emphasized that industry enterprises should vigorously promote the spirit of entrepreneurship, resolutely resist irrational competition behaviors, and jointly maintain a healthy and orderly market environment. It is essential to adhere to innovation leadership, increase R&D investment, address shortcomings, and enhance the core competitiveness of enterprises