Nio-led battery swap model to be encouraged as China's NEV development plan set to be released on Monday

On October 29, Wu Wei, director of the machinery division of the National Development and Reform Commission’s Industrial Development Department, said at the Deqing 2020 Global Future Travel Conference that the New Energy Vehicle Industry Development Plan (2021-2035) may be announced next week, and that electrification and intelligence have become irreversible strategic directions for the development of China’s auto industry.