Translation. Region: Russian Federal
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
BEIJING, Sept. 13 (Xinhua) — Chinese authorities have unveiled a two-year plan to stabilize growth in the auto sector, setting a target of about 32.3 million vehicles sold by 2025, up about 3 percent from last year.
According to a document jointly released by eight government departments including the Ministry of Industry and Information Technology, sales of new energy vehicles (NEVs) are projected to reach about 15.5 million units in 2025, an increase of about 20 percent.
Other targets for this year include stable growth in automobile exports and a 6 percent increase in the automotive industry's value-added. The industry is expected to maintain robust growth by 2026, with improvements in efficiency, quality and scale.
The plan includes more than 60 measures in four key areas, including stimulating domestic demand, strengthening industrial and supply chains, optimizing the business environment, and deepening openness and cooperation.
On the demand side, the plan outlines measures to accelerate the expansion of the NEV market and promote smart connected vehicle technologies. The document states that more than 700,000 additional NEVs will be piloted in 25 cities in sectors such as public transportation, taxis and logistics.
Supply-side initiatives focus on technological innovation to drive consumer demand and standard improvements to improve product quality. The plan focuses on breakthroughs in automotive chips, operating systems, artificial intelligence, and solid-state batteries.
To optimize the industrial ecosystem and strengthen global cooperation, the plan emphasizes the need for stronger cost accounting and price monitoring, product compliance verification, timely payments by major automakers, and orderly overseas expansion. -0-
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