Jing Ji Ri Bao·2025-09-21 23:22Core Viewpoint - The automotive industry in China is set to achieve stable growth through a comprehensive work plan aimed at boosting domestic consumption, enhancing supply quality, optimizing the development environment, and deepening open cooperation, with specific targets for vehicle sales and production by 2026 [1][2][3]. Group 1: Industry Growth Targets - The work plan aims for approximately 32.3 million vehicle sales in 2025, representing a year-on-year growth of about 3%, with new energy vehicle sales targeted at around 15.5 million, reflecting a 20% increase [1][2]. - The plan emphasizes maintaining stable growth in automotive exports and a 6% increase in the added value of the automotive manufacturing industry [1]. Group 2: Domestic Consumption and Market Confidence - The work plan includes measures to expand domestic consumption and accelerate the marketization of new energy vehicles, such as promoting electric vehicles in public transport and logistics across 25 pilot cities [2][3]. - The implementation of the "two new" policies has significantly boosted consumer demand, with over 8.3 million applications for vehicle trade-ins recorded by September 10 [3]. Group 3: Supply Quality and Industry Stability - The automotive industry has seen production and sales exceed 21 million units in the first eight months of the year, with year-on-year growth of approximately 12.7% and 12.6% respectively [4]. - The work plan's conservative growth targets are seen as a strategy to stabilize market confidence and encourage rational growth, moving away from price wars towards innovation and value creation [5]. Group 4: Open Cooperation and Globalization - Companies like XPeng Motors are expanding their global footprint through partnerships, such as with Magna in Austria for localized production, indicating a strategic move towards international collaboration [6][7]. - The participation of Chinese companies in international auto shows highlights their commitment to sharing products and collaborating with European firms, reflecting a shift from being merely a market to becoming a key partner in innovation and supply chain development [7][8]. Group 5: Future Outlook - Experts predict that while domestic sales may stabilize around 28 million units in the next five to ten years, global sales of products related to the Chinese automotive industry could exceed 40 million units, indicating a shift in production dynamics [9]. - The focus will be on integrating into local economies and contributing to local development, emphasizing the importance of cultural and economic integration in global markets [9].