China has set a target of 32.3 million vehicle sales for 2025, a figure slightly below the 32.9 million projected by the China Association of Automobile Manufacturers (CAAM), the country’s top auto industry body.
The goal was announced Friday in a plan from the Ministry of Industry and Information Technology, working with seven other government agencies, to ensure steady growth in the auto sector.
Sales of new energy vehicles (NEVs) are expected to hit 15.5 million next year, about 20 percent higher than in 2024. CAAM’s forecast is a bit more optimistic, at 16 million units.
The government’s plan also paves the way for conditional approval of Level 3 autonomous cars and calls for better road safety measures, insurance rules, and stronger oversight.
Officials say they want to create a fairer and more orderly market, following months of intense price competition that has put pressure on automakers, suppliers, and dealers.
Earlier this week, the ministry said it would begin a three-month crackdown on false advertising and other online violations in the car industry. The push comes after stricter rules were introduced in May to rein in a damaging price war in the world’s biggest auto market.
