China targets top-tier auto status by 2030

China aims to become a leading global force in the automotive industry by 2030, according to a five-year plan that emphasizes the development of smart, connected new energy vehicles, with a focus on widespread adoption of autonomous-driven vehicles. The plan sets a target for new energy vehicle sales to account for 70% of total passenger car sales and 40% of commercial vehicle sales by that year, with a significant impact expected from autonomous vehicles on highways and urban roads. It also emphasizes improving fuel and electricity efficiency, developing the industrial framework, and increasing productivity by 15%. Moreover, China seeks to establish a strong presence for automakers and auto parts suppliers in the global market, as evidenced by a record high of 60.6% of new vehicle sales being new energy vehicles in August, with production and sales exceeding 1.65 million units—an increase of nearly 20% compared to the previous year.

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