Core Insights - The Chinese automotive industry aims to achieve a total vehicle sales target of approximately 32.3 million units in 2025, reflecting a year-on-year growth of about 3%, with new energy vehicle (NEV) sales projected at around 15.5 million units, representing a year-on-year increase of about 20% [5][4][1] Group 1: Industry Performance - In the first nine months of the year, automotive production and sales reached 24.43 million and 24.36 million units, respectively, marking year-on-year growth of 13.3% and 12.9% [2][1] - In September alone, production and sales exceeded 3 million units for the first time in history, with production at 3.276 million units and sales at 3.226 million units, showing year-on-year growth of 17.1% and 14.9% [1][2] - NEV production and sales surpassed 1.1 million units in the first nine months, with year-on-year growth exceeding 30%, and NEVs accounted for 46.1% of total new car sales [2][3] Group 2: Policy Impact - The "old-for-new" vehicle replacement policy has significantly stimulated market activity, with expectations that over 12 million vehicles will be replaced under this policy by the end of the year, directly driving new car sales worth nearly 1.7 trillion yuan [3][6] - The recent "Automobile Industry Stabilization Growth Work Plan (2025-2026)" outlines measures to ensure steady growth and high-quality development in the automotive sector, addressing challenges such as insufficient domestic demand and external complexities [4][5] Group 3: Future Outlook - The automotive industry is expected to see exports exceed 6.5 million units in 2025, with cumulative NEV sales projected to surpass 16 million units, indicating a better-than-expected overall market performance [2][5] - The plan includes 15 specific measures across four dimensions to enhance domestic consumption, improve supply quality, optimize the development environment, and deepen open cooperation [5][6]

Core Viewpoint - The Ministry of Industry and Information Technology, along with other departments, has issued the "Automobile Industry Stabilization and Growth Work Plan (2025-2026)", which outlines 15 measures across four dimensions to promote the growth of the automobile industry, particularly focusing on new energy vehicles and smart connected technologies [1]. Summary by Relevant Sections Main Goals - By 2025, the target is to achieve approximately 32.3 million vehicle sales, a year-on-year increase of about 3%, with new energy vehicle sales reaching around 15.5 million, representing a year-on-year growth of about 20%. The automobile manufacturing industry's added value is expected to grow by around 6% [2]. Domestic Consumption Expansion - The plan emphasizes the promotion of electric vehicles in public sectors, aiming for over 700,000 new energy vehicles in 25 pilot cities for public transport, taxis, and logistics [4]. - It includes initiatives for fuel cell vehicle demonstration applications and the promotion of mid-to-long-range fuel cell commercial vehicles [5]. - Reforms in new energy vehicle insurance and tax incentives are also highlighted [6][7]. - The plan encourages the expansion of automotive aftermarket consumption, including modifications, rentals, and recreational vehicles [8]. - It advocates for the optimization of purchase restrictions in limited purchase areas and the transition from purchase management to usage management [9]. Supply Quality Improvement - The plan calls for the implementation of major technological projects in the automotive sector, focusing on breakthroughs in key technologies such as automotive chips and solid-state batteries [11]. - It emphasizes the development of high-quality standards for new energy vehicles and related technologies, alongside enhanced industry regulation [12]. - The initiative includes fostering small and medium-sized enterprises within the automotive supply chain and promoting digital transformation in manufacturing [13]. Development Environment Optimization - The plan aims to improve the layout of charging and swapping facilities, particularly in rural areas, striving for comprehensive coverage [14]. - It encourages the adoption of new technologies in charging infrastructure and the establishment of a recycling system for power batteries [14]. - The initiative includes measures to regulate industry practices and ensure compliance with safety and environmental standards [14]. International Cooperation Enhancement - The plan encourages automotive and supply chain companies to develop products suitable for foreign markets and to collaborate with local enterprises [15]. - It promotes overseas expansion for vehicle manufacturers and the establishment of international supply chains [15]. - Financial institutions are encouraged to provide support for operational and investment financing to facilitate international operations [15].

Core Viewpoint - The Ministry of Industry and Information Technology, along with seven other departments, has issued the "Automobile Industry Stabilization Growth Work Plan (2025-2026)" to achieve key economic development goals in the automotive sector, focusing on expanding domestic consumption, improving supply quality, optimizing the development environment, and deepening open cooperation. Summary by Sections Overall Requirements - The plan aims to guide the automotive industry under the principles of Xi Jinping's thought, emphasizing stable progress, new development concepts, and the promotion of smart connected new energy vehicles [4]. Main Goals - By 2025, the target is to achieve approximately 32.3 million vehicle sales, a year-on-year increase of about 3%, with new energy vehicle sales reaching around 15.5 million, a growth of about 20%. The automotive manufacturing industry's added value is expected to grow by about 6% [5]. Work Measures - **Expanding Domestic Consumption** - Accelerate the market expansion of new energy vehicles, aiming for over 700,000 new energy vehicles in public transport and logistics in 25 pilot cities [6]. - Promote vehicle trade-in policies and enhance the second-hand car market [7]. - Advance the industrial application of smart connected technologies [7]. - **Improving Supply Quality** - Foster technological innovation to stimulate consumer demand and enhance product performance [8]. - Upgrade standards to improve product quality and safety [8]. - Ensure stability in the supply chain and enhance digital transformation in the automotive sector [9]. - **Enhancing Infrastructure** - Optimize the layout of charging and battery swap facilities, aiming for comprehensive coverage in rural areas [10]. - Reform industry management policies to improve efficiency and support leading enterprises [10]. - **Regulating Industry Competition** - Strengthen monitoring of production consistency and address issues related to supplier payments [11]. - Implement strict regulations on vehicle scrapping and recycling [11]. Enhancing International Cooperation - Improve the quality and efficiency of automotive exports by encouraging local partnerships and enhancing international marketing [12]. - Support financial services for automotive exports and optimize insurance offerings [12]. Guarantee Measures - **Coordination and Monitoring** - Establish a collaborative mechanism for monitoring industry dynamics and addressing challenges faced by enterprises [14][15]. - **Talent Development** - Implement strategies to cultivate talent in the new energy vehicle sector, including partnerships between research institutions and enterprises [16].

Core Viewpoint - The article discusses the "Automobile Industry Stabilization Growth Work Plan (2025-2026)" issued by eight government departments in China, aiming to achieve specific growth targets in the automotive sector, particularly focusing on electric vehicles and overall industry stability [1][4][31]. Summary by Sections Overall Requirements - The plan is guided by Xi Jinping's thoughts and aims to implement the spirit of the 20th National Congress of the Communist Party, focusing on steady progress, new development concepts, and enhancing international cooperation [5][32]. Main Goals - By 2025, the target is to achieve approximately 32.3 million vehicle sales, a year-on-year increase of about 3%, with around 15.5 million of those being new energy vehicles (NEVs), reflecting a 20% growth. The automotive manufacturing value-added is expected to grow by about 6% [7][33]. Work Measures Expanding Domestic Consumption - Accelerate the market expansion of NEVs, including promoting electric vehicles in public sectors and rural areas, and implementing supportive policies for vehicle purchase taxes [8][34]. - Increase efforts to promote automotive consumption, including supporting trade-in programs and optimizing purchase restrictions in certain regions [10][35]. - Promote the industrial application of intelligent connected technologies, enhancing infrastructure for smart vehicles and encouraging new business models [11][36]. Improving Supply Quality - Foster technological innovation to stimulate consumer demand, focusing on key technologies like automotive chips and AI [12][37]. - Upgrade standards to enhance product quality, ensuring compliance with safety and environmental regulations [13][38]. - Ensure stability in the supply chain by monitoring and supporting small and medium enterprises within the automotive sector [14][39]. Optimizing Development Environment - Improve infrastructure for charging and battery swapping, aiming for comprehensive coverage in rural areas [16][39]. - Reform industry management policies to enhance efficiency and support leading enterprises [18][40]. - Regulate competition within the automotive industry to maintain a healthy market environment [20][41]. Enhancing International Cooperation - Promote the quality and efficiency of automotive exports, encouraging collaboration with local enterprises in target markets [22][41]. - Improve financial services for automotive exports, including credit insurance and funding support [24][42]. - Deepen multi-level international cooperation, participating in global regulatory forums and establishing international standards [25][42]. Safeguard Measures - Strengthen coordination among departments to implement the plan effectively [43]. - Enhance monitoring of industry dynamics to identify and address potential issues [44]. - Focus on talent development in the automotive sector, particularly in emerging technologies [44].

Core Viewpoint - The Ministry of Industry and Information Technology, along with eight other departments, has issued the "Automobile Industry Stabilization and Growth Work Plan (2025-2026)", aiming for a modest growth in automobile sales and a significant increase in new energy vehicle sales over the next few years [1][3][4]. Summary by Sections Main Objectives - In 2025, the target is to achieve approximately 32.3 million automobile sales, a year-on-year increase of about 3%, with new energy vehicle sales reaching around 15.5 million, reflecting a growth of about 20%. The automobile manufacturing industry's added value is expected to grow by around 6% [6][5]. Work Measures - The plan outlines 15 specific measures across four dimensions: expanding domestic consumption, improving supply quality, optimizing the development environment, and deepening open cooperation [1][7]. Expanding Domestic Consumption - Accelerate the comprehensive market expansion of new energy vehicles, including initiatives for public electric vehicle trials, rural outreach programs, and the development of charging infrastructure [8][9]. Promoting Automobile Consumption - Increase support for vehicle trade-ins, optimize purchase restrictions in cities, and enhance the second-hand vehicle sales process [10][11]. Advancing Intelligent Connected Vehicles - Promote the integration of intelligent connected vehicle technologies and support the development of new business models [12][13]. Enhancing Supply Quality - Focus on technological innovation and standard upgrades to improve product quality and stimulate consumer demand [14][15]. Ensuring Supply Chain Stability - Implement actions for high-quality manufacturing development and monitor supply chain risks [15][16]. Digital and Intelligent Transformation - Promote the application of artificial intelligence in various operational scenarios within the automotive industry [15][16]. Infrastructure Improvement - Optimize the layout of charging facilities and promote new charging technologies [16][17]. Policy Optimization - Reform management policies for vehicle production and enhance competition order within the industry [18][19]. International Cooperation - Improve the quality and efficiency of automobile exports and enhance international marketing and after-sales service systems [21][24]. Logistics and Transportation - Develop logistics service guarantees for new energy vehicles and optimize transportation supply [26][28]. Coordination and Monitoring - Strengthen coordination, enhance operational monitoring, and focus on talent development within the industry [29].