<p>China has "too many" electric vehicle (EV) makers and the government will encourage consolidation, Industry and Information Technology Minister Xiao Yaqing said on Monday.</p>.<p>The minister also said China would improve its charging network and develop EV sales in rural markets.</p>.<p>The government's promotion of greener vehicles to cut pollution has prompted electric car makers such as Nio Inc , Xpeng Inc and BYD Co Ltd to expand manufacturing capacity in China.</p>.<p>Xiao said the ministry was speeding up alternative solutions to address an auto chip supply shortage.</p>.<p>China's market regulator last week fined three auto chip sales companies for driving up prices, in a move to help auto production in the world's biggest vehicle market.</p>.<p>A prolonged global chip shortage has affected major automakers, including Ford Motor, Honda Motor, and Volkswagen, forcing many to idle or curtail production.</p>.<p><strong>Check out DH's latest videos:</strong></p>
<p>China has "too many" electric vehicle (EV) makers and the government will encourage consolidation, Industry and Information Technology Minister Xiao Yaqing said on Monday.</p>.<p>The minister also said China would improve its charging network and develop EV sales in rural markets.</p>.<p>The government's promotion of greener vehicles to cut pollution has prompted electric car makers such as Nio Inc , Xpeng Inc and BYD Co Ltd to expand manufacturing capacity in China.</p>.<p>Xiao said the ministry was speeding up alternative solutions to address an auto chip supply shortage.</p>.<p>China's market regulator last week fined three auto chip sales companies for driving up prices, in a move to help auto production in the world's biggest vehicle market.</p>.<p>A prolonged global chip shortage has affected major automakers, including Ford Motor, Honda Motor, and Volkswagen, forcing many to idle or curtail production.</p>.<p><strong>Check out DH's latest videos:</strong></p>