NextFin news, China's government unveiled a detailed plan on Saturday in Beijing to stabilize growth in the country's auto sector through 2026 amid challenges such as price wars and export difficulties. The plan was jointly issued by eight government departments, including the Ministry of Industry and Information Technology.
The plan sets a target of approximately 32.3 million vehicle sales in 2025, representing a 3 percent increase year-on-year. It also projects new energy vehicle (NEV) sales to reach about 15.5 million units in 2025, marking a 20 percent rise compared to the previous year.
Key objectives include steady growth in auto exports and a 6-percent increase in the added value of the auto manufacturing industry in 2025. The government expects the industry to maintain robust growth with improved efficiency, quality, and scale by 2026.
The plan outlines over 60 measures across four main areas: stimulating domestic demand, strengthening supply chains, optimizing the business environment, and deepening opening-up and international cooperation.
To boost demand, the plan calls for accelerating the expansion of the NEV market and advancing intelligent connected vehicle technologies. It specifies deploying over 700,000 additional NEVs in public transport, taxis, and logistics sectors across 25 pilot cities.
On the supply side, the plan emphasizes technological innovation to drive consumer demand and product quality upgrades. It highlights breakthroughs in automotive chips, operating systems, artificial intelligence, and solid-state battery technologies.
To optimize the industrial ecosystem and enhance global cooperation, the plan stresses conducting cost surveys and price monitoring, ensuring product consistency, timely payments by major automakers, and orderly overseas expansion.
The announcement comes as the Chinese auto sector faces a price war among competitors and challenges in export markets. The government aims to stabilize the sector's growth trajectory and support sustainable development through these coordinated efforts.
Sources: Channel News Asia, Macau Business, Free Malaysia Today (September 13-14, 2025)
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