‘Key pillar’: the 5-year powerhouse plan for China’s car industry - South China Morning Post

Direct Source Verification: This story is aggregated from South China Morning Post (scmp.com). Full reporting rights and copyright belong to the primary publisher.
Emma Main ShanghaiPublished: 9:00pm, 11 Sep 2026China is set to secure its place among the global automotive powerhouses by 2030 through further efforts to boost domestic sales and foster technological innovation, while a capacity alert mechanism will be introduced to guard again...

Emma Main ShanghaiPublished: 9:00pm, 11 Sep 2026China is set to secure its place among the global automotive powerhouses by 2030 through further efforts to boost domestic sales and foster technological innovation, while a capacity alert mechanism will be introduced to guard against disorderly competition.

The ambitious targets and actions are laid out in the country’s 15th five-year plan for the development of the intelligent connected new-energy-vehicle industry, unveiled on Thursday by the Ministry of Industry and Information Technology and eight other ministries. The new-energy category comprises both battery-powered electric vehicles and plug-in hybrid models.

According to the plan, China would further shore up its complete industrial supply-chain strengths in the sector and prepare for the large-scale roll-out of vehicles equipped with automated driving functions.

“[By 2030] the automotive sector will solidify its standing as a key pillar of the national economy,” the plan stated.

“The timing for rolling out this five-year plan is well judged,” said Cui Dongshu, secretary general of the China Passenger Car Association (CPCA). “The auto industry is undergoing structural transformation; total domestic sales are declining, as market leadership shifts from gasoline-powered passenger vehicles to electric cars.”

Data from the CPCA showed around 1 million electric passenger vehicles were sold domestically in August, down 10.1 per cent from a year earlier. Total sales in the January-August period fell 12.1 per cent year on year.

Original Source
https://www.scmp.com/economy/china-economy/article/3367214/key-pillar-5-year-powerhouse-plan-chinas-car-industry
Visit South China Morning Post ↗
SHARE STORY:
𝕏 f in

Related Coverage in Business