Jing Ji Ri Bao·2025-09-21 21:55Core Viewpoint - The automotive industry in China is set to achieve stable growth, with specific targets for vehicle sales and a focus on expanding the market for new energy vehicles (NEVs) as outlined in the "Automotive Industry Stabilization Growth Work Plan (2025-2026)" issued by multiple government departments [3][5]. Group 1: Industry Growth Targets - The plan aims for total vehicle sales of approximately 32.3 million units in 2025, representing a year-on-year growth of about 3%, with NEV sales targeted at around 15.5 million units, reflecting a growth of about 20% [3]. - The automotive manufacturing industry's added value is expected to grow by around 6% year-on-year [3]. Group 2: Domestic Consumption and Market Expansion - The plan emphasizes expanding domestic consumption and accelerating the marketization of NEVs, including initiatives for electric public transport and logistics vehicles in 25 pilot cities, aiming to promote over 700,000 NEVs [5]. - NEV production and sales in China reached 9.625 million and 9.62 million units respectively in the first eight months of this year, marking year-on-year increases of 37.3% and 36.7% [5]. Group 3: Quality Supply and Market Stability - The automotive industry achieved production and sales of over 21 million units in the first eight months, with year-on-year growth of 12.7% and 12.6% respectively, indicating a strong market performance [7]. - The conservative growth targets set in the plan are intended to stabilize market confidence and encourage a shift from price competition to innovation and value creation [7][8]. Group 4: Open Cooperation and Globalization - Companies like XPeng Motors are expanding their global footprint through partnerships, such as the collaboration with Magna in Austria for localized production [9][10]. - The automotive industry is increasingly viewed as a globalized sector, with Chinese companies actively seeking to enhance their international presence and collaboration with foreign enterprises [10][11]. Group 5: Technological Innovation and Quality Improvement - The plan highlights the importance of technological innovation to stimulate consumer demand and improve product quality through standard upgrades and digital transformation [8]. - Companies are encouraged to focus on enhancing product quality and user experience as key competitive advantages in a rapidly evolving market [8].