China Promotes High-Quality Development of New Energy Storage Manufacturing Industry

On February 10, 2025, eight departments, including the Ministry of Industry and Information Technology (MIIT), issued the Action Program for High-Quality Development of the New Energy Storage Manufacturing Industry (the “Program”), with immediate effect. The Program proposes that by 2027, China’s new energy storage manufacturing industry will have a prominent international competitive advantage across the entire supply chain, and the echelon of leading enterprises will be further strengthened.

The Program proposes to cultivate high-quality industrial enterprises, accelerate the development of a number of industry-leading enterprises, and foster a group of specialized and innovative “small giants,” manufacturing champions, and high-tech enterprises. It also aims to establish a number of green factories and green supply chain management enterprises. The Program emphasizes the need to enhance the level of intelligent manufacturing and promote the widespread application of blockchain, big data, artificial intelligence, 5G, and other new-generation information technologies in the new energy storage manufacturing industry. In terms of policy support, the Program clarifies that central and local policy resources should be integrated and utilized effectively to support the research and development of key technologies for new energy storage. It also calls for the provision of facilitation services for the transportation of energy storage products for enterprises and encourages insurance institutions to develop insurance products for new energy storage power stations.