14 SEPTEMBER 2025

CHINA has unveiled a two-year work plan to stabilize auto sector growth, targeting sales of approximately 32.3 million vehicles in 2025, up around three per cent year on year.

The plan, jointly issued by eight government departments, including the Ministry of Industry and Information Technology, projects sales of new energy vehicles (NEVs) to hit around 15.5 million units in 2025, marking a year-on-year increase of around 20 per cent.

Other targets include steady growth in auto exports and a six-per-cent rise in the added value of the auto manufacturing industry in 2025. By 2026, the industry is projected to sustain robust growth, with enhanced efficiency, quality, and scale.

The plan outlines over 60 measures across four key areas, which include stimulating domestic demand, strengthening supply chains, optimizing the business environment, and deepening opening-up and cooperation. — Xinhua