China has released an auto -growth plan aimed at achieving the main economic development goals of this sector. In 2025, China targets annual vehicle sales by about 32.3 million units, which is an annual increase of about 3 percent.
China has announced the annual sales goals of 2025 for the total automotive and new risk industry (NEVS) amid the growth challenges facing the broader industry.
In 2025, China aims to achieve annual cars sales of about 32.3 million units, which is an annual increase of about 3 percent, according to the plan to install the car industry’s growth today by eight government departments, including the Ministry of Industry and Information Technology.
The plan determines the goal of NEV sales of about 15.5 million units, which reflects an annual basis of about 20 percent.
This means that there is a goal for the NEV penetration rate of 48 percent for 2025, and this means that 48 out of 100 vehicles are sold.
In China, Nevs includes battery electric cars (Bevs), hybrid electric cars (PHEVS), and fuel cell compounds.
China aims to maintain stable growth in car exports this year, and increase the added value of the auto manufacturing sector by about 6 percent on an annual basis.
In 2026, the country aims to maintain a fixed and positive development in the auto sector, with more improvements in the industrial, quality and efficiency.
The document says that the auto industry is a vital force that leads the new round of the technological revolution and industrial transformation, which works as a major corner for the national economy.
However, the external environment has become more complicated and challenging, with the dedication of mono -insurance and intense protectionism for the stability of industrial chains and supply, the document notes.
Meanwhile, the basis for local economic recovery is still fragile, with challenges such as insufficient demand and competition in the uncontrolled market, which makes the task of stabilizing the growth of industry arduous, the document said.
The document says that the drafting of the auto -growth planning plan aims to achieve the expected major economic development goals of the sector.
The document determines many measures, including accelerating the electrification of public sector vehicles, stimulating car consumption, improving the shipping infrastructure, and industry management policies.
From January to August, China sold 9.59 million NEVS, that is, an annual increase by 36.37 percent, according to data from the China Automobile Manufacturers Association (CAAM).
Total vehicle sales during the same period amounted to 21.1 million units, an increase of 12.46 percent on an annual basis.
This indicates that China’s penetration rate in China reached 45 percent during the January to August.
