China has launched a new five-year development plan for its intelligent connected new-energy vehicle industry, aiming to solidify the sector's role in the national economy by 2030.
Key facts
- •The 15th five-year plan was unveiled by the Ministry of Industry and Information Technology and eight other government departments.
- •The strategy targets 2030 as the deadline for solidifying the automotive sector as a key pillar of the national economy.
- •A new capacity alert mechanism will be implemented to manage competition within the automotive sector.
- •The plan supports the large-scale deployment of vehicles equipped with automated driving technology.
- •Domestic electric passenger vehicle sales in August reached approximately 1 million units, down 10.1 per cent from the prior year.
The Chinese Ministry of Industry and Information Technology, alongside eight other ministries, released a new five-year plan on Thursday targeting the development of the intelligent connected new-energy vehicle industry. The strategy aims to secure China's position as a global automotive powerhouse by 2030 through increased domestic sales and technological innovation. The plan specifically covers both battery-powered electric vehicles and plug-in hybrid models.
By the numbers
Strategic Goals and Market Regulation
The government intends to bolster the country's complete industrial supply chain and prepare for the widespread adoption of vehicles featuring automated driving functions. To address concerns regarding market stability, the plan introduces a capacity alert mechanism designed to prevent disorderly competition within the industry.
Industry Context and Sales Trends
Cui Dongshu, secretary general of the China Passenger Car Association (CPCA), noted that the plan arrives during a period of structural transformation as market leadership shifts from gasoline-powered vehicles to electric cars. Data from the CPCA indicates a decline in domestic sales, with approximately 1 million electric passenger vehicles sold in August, a 10.1 per cent decrease compared to the previous year. Total sales for the period between January and August fell by 12.1 per cent year on year.
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This article was independently rewritten by ManyPress editorial AI from reporting originally published by SCMP Business.
