Core Viewpoint - The Chinese government is taking steps to regulate the competitive order in the electric vehicle (EV) industry to promote sustainable development and address irrational competition, including price wars and payment delays to suppliers [1][2][3] Group 1: Regulatory Measures - The Ministry of Industry and Information Technology (MIIT) and other government bodies held a meeting to discuss the need for stricter regulations in the EV sector, emphasizing the importance of aligning with central government policies [1] - Key measures include enhancing supervision and inspection of product prices, ensuring product quality, and addressing issues related to payment terms for suppliers [1][2] - A mechanism for ongoing communication between the government and EV companies will be established to facilitate feedback and improve the business environment [1] Group 2: Industry Self-Regulation - The government is encouraging industry associations to promote fair and orderly competition while resisting negative practices such as online manipulation and black public relations [2] - The focus is on creating a long-term mechanism for regulating competition and enhancing industry self-discipline [2] Group 3: Current Industry Challenges - The automotive industry is facing intense competition characterized by price wars, which has led to weakened profitability for many EV companies [3] - Experts indicate that the current competitive practices are disrupting market order and contradicting the central government's strategic development goals [3] - Many EV companies are experiencing financial difficulties due to cost-price imbalances, hindering their ability to invest in innovation and development [3]