国泰海通｜汽车：《汽车行业稳增长工作方案》发布，推动汽车行业高质量发展

Core Viewpoint - The article emphasizes the release of the "Automobile Industry Steady Growth Work Plan (2025-2026)" by the Ministry of Industry and Information Technology and other departments, which outlines a policy direction for the high-quality and steady development of the automotive industry, leading to a maintained "overweight" rating for the sector [2][3]. Summary by Relevant Sections 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 units, reflecting a year-on-year increase of approximately 20%. The automotive manufacturing industry's added value is expected to grow by about 6% year-on-year [3]. Key Initiatives - The work plan outlines 15 initiatives across four dimensions: expanding domestic consumption, improving supply quality, optimizing the development environment, and deepening open cooperation. Key measures include accelerating the marketization of new energy vehicles, enhancing efforts to promote automotive consumption, and advancing the industrial application of intelligent connected technologies [2][3]. Market Environment - The work plan builds on previous initiatives such as the "anti-involution" proposal by the Ministry of Industry and Information Technology and the joint notice on addressing online chaos in the automotive industry. It aims to create a healthy and orderly market environment through optimized management policies and standardized market competition [3]. Recent Market Performance - In the first eight months of 2025, the Chinese passenger car market showed steady performance, with sales reaching 18.354 million units, a year-on-year increase of 14%. The industry is expected to maintain a stable growth rate of around 5% in 2026, despite a backdrop of a saturated market [3].