By 2025, Shandong aims to achieve a production volume of around 1 million new energy vehicles. [Photo by Zhang Jingang/for chinadaily.com.cn]

The Department of Industry and Information Technology of Shandong Province has recently issued an action plan aimed at ensuring industrial stability, promoting high-quality supply, and boosting consumer confidence. The plan sets a target for Shandong to produce approximately 1 million new energy vehicles (NEVs) by 2025.

According to the action plan, the province will focus on upgrading equipment to improve product quality. Shandong will implement four key policy measures, including supporting the upgrade of production equipment in industries and speeding up the transformation and enhancement of the automotive industry.

The plan also includes provisions to assist companies in developing new products, launching new projects, and expediting major initiatives like new energy passenger vehicles to see swift outcomes. The goal is to reach a production volume of around 1 million new energy vehicles in Shandong by 2025.

Official data indicates that in 2024, Shandong made significant progress by strengthening policies, accelerating transformation and upgrades, and achieving steady growth in industrial production. There was substantial growth in the production of high-end, eco-friendly, and smart products such as industrial robots and NEVs, with growth rates of 37.2 percent and 56.5 percent, respectively.