China probes investment in new energy vehicle sector amid overcapacity concerns

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Chinese authorities have reportedly required local regulators to provide detailed information about investment in the new energy vehicle sector amid concerns of overcapacity after companies rushed into the sector in recent years.

The National Development and Reform Commission (NDRC), China's top economic planner, has reportedly issued a "non-public" notice to local authorities requiring them to provide information about investment and production in the new energy vehicle sector.

Local regulators are required to provide details relating to ongoing projects, their land uses, construction progress and annual production figures for pure electric vehicle manufacturing ventures . . .

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