Core Viewpoint - The "Automobile Industry Stabilization and Growth Work Plan (2025-2026)" aims to achieve approximately 32.3 million vehicle sales in 2025, with a focus on technological innovation and product quality for high-quality industry development [1][2][5] Group 1: Industry Goals - The plan targets around 32.3 million vehicle sales in 2025, a year-on-year increase of about 3%, with 15.5 million of those being new energy vehicles (NEVs), representing a 20% increase [2] - The automotive manufacturing industry's added value is expected to grow by approximately 6% year-on-year [2] - The automotive industry has shown stable growth for three consecutive years, contributing significantly to macroeconomic growth [2] Group 2: Policy Measures - The plan includes 15 specific measures across four dimensions: expanding domestic consumption, improving supply quality, optimizing the development environment, and deepening open cooperation [4] - Specific initiatives include promoting the full marketization of NEVs, enhancing automotive consumption, and advancing the industrial application of smart connected technologies [4] - The plan emphasizes the need for a healthy and orderly market environment, with measures to regulate competition and ensure compliance with payment terms [5] Group 3: Market Trends - In the first eight months of the year, China's automotive production and sales both exceeded 20 million units, with NEVs accounting for 45.5% of total new vehicle sales [2] - The competitive landscape is shifting, with domestic brands increasing their market share and a gradual cessation of price wars expected as new competitive products are launched [6] - The automotive sector is experiencing a positive response to recent policy measures, leading to a rise in automotive stocks [6]

Core Viewpoint - The automotive industry is a pillar of the national economy, with significant contributions to economic stability and growth, particularly through the rapid development of new energy vehicles (NEVs) [1][4]. Summary by Sections Background - The automotive industry has achieved stable growth for three consecutive years, with 2024 sales projected at approximately 31.436 million units, a year-on-year increase of 4.5%, and NEV sales expected to reach about 12.866 million units, growing by 35.5% [1][4]. Main Highlights - The "Work Plan" aims for a total vehicle sales target of around 32.3 million units in 2025, reflecting a growth of about 3%, with NEV sales targeted at approximately 15.5 million units, a 20% increase [2][7]. - The plan emphasizes practical policy measures across four dimensions: expanding domestic consumption, enhancing supply quality, optimizing the development environment, and deepening international cooperation [2][8]. Key Measures - The plan includes 15 work initiatives and 3 guarantee measures, with over 60 detailed actions, such as promoting the electrification of public vehicles, enhancing financial services for automotive exports, and advancing the digital transformation of the industry [2][10][20]. - Specific actions include: - Accelerating the market expansion of NEVs and promoting charging infrastructure [11][16]. - Supporting the automotive consumption through trade-in programs and optimizing purchase restrictions in certain cities [12]. - Fostering technological innovation to stimulate consumer demand and improve product quality through standard upgrades [13][14]. Goals - The automotive manufacturing industry's added value is expected to grow by approximately 6% year-on-year, with a focus on maintaining stable growth in exports and enhancing the overall quality and efficiency of the industry [8][7]. Support Measures - The plan outlines measures to strengthen coordination, enhance operational monitoring, and improve talent development within the automotive sector [23][24].