Economy

Eight departments: Strive to achieve 32.3 million car sales by 2025

2025-09-15   

Recently, the Ministry of Industry and Information Technology and eight other departments issued the "Work Plan for Stable Growth in the Automotive Industry (2025-2026)" (referred to as the "Plan"), which is the third plan released after the implementation of the new round of ten key industry stable growth plans. The main goal proposed in the "Plan" is to strive to achieve an annual automobile sales volume of around 32.3 million units by 2025, with a year-on-year increase of about 3%. Among them, the sales volume of new energy vehicles is around 15.5 million units, with a year-on-year increase of about 20%; Stable growth in automobile exports; The added value of the automobile manufacturing industry increased by about 6% year-on-year. The relevant person in charge of the Ministry of Industry and Information Technology stated that the goals proposed in the Plan are scientifically reasonable and achievable. This policy measure highlights the word 'practical'. The 'Plan' proposes 15 work measures and 3 safeguard measures from four dimensions: expanding domestic consumption, improving supply quality, optimizing development environment, and deepening open cooperation. Among them, there are more than 60 detailed measures. From the perspective of its impact on the automotive industry, the introduction of the 'Plan' has injected strong impetus into the industry's development. ”Wei Qijia, Director of the Industrial Economics Research Office of the Economic Forecasting Department of the National Information Center, stated in an interview with Shanghai Securities News that the goals proposed in the "Plan" fully reflect the orientation of "quantity stability and quality improvement". Wei Qijia said that the goal of increasing the added value of the automobile manufacturing industry by about 6% year-on-year is essentially a hard constraint on the industry's "quality and efficiency improvement". By promoting the introduction of industrial robots and digital systems in automobile enterprises, intelligent upgrades can be achieved, production efficiency bottlenecks can be broken through, and product value space can be explored. At the same time, the target of a 20% growth rate for new energy vehicles will force the reconfiguration of production resources, promote the transformation of existing production lines by vehicle manufacturers, optimize supply chain coordination, ensure the supply of key components such as batteries and chips, and enhance the resilience of the industrial and supply chains. The reporter noticed that focusing on expanding domestic consumption is the first work measure proposed in the "Plan", and a series of specific measures have been given. Specifically, it includes: strengthening the pilot zone for comprehensive electrification of public sector vehicles, promoting the addition and promotion of more than 700000 new energy vehicles in urban public transportation, rental, logistics and distribution fields in 25 pilot cities; Continuously organize and carry out new energy vehicle rural activities and county-level charging and swapping facilities to fill gaps, and improve the electrification level of rural residents' vehicles; Deepen the reform of new energy vehicle insurance and optimize the benchmark rates of commercial vehicle insurance; Implement preferential policies for the purchase tax and vehicle and vessel tax reduction of new energy vehicles; Support car trade in, new energy city buses, and power battery updates; Encourage regions with car purchase restrictions to optimize their policies and gradually transition from purchase management to usage management; Promote the pilot of intelligent connected vehicle access and road traffic, and conditionally approve the production access of L3 level vehicle models. Regarding the optimization of the car purchase restriction policy, Wu Songquan, senior chief expert of the China Automotive Technology Research Center, told Shanghai Securities News reporters that in the current situation where there are significant changes in the economic and automotive market, breakthroughs have been made in transportation and environmental governance, and the financial and tax incentive policies for automobile consumption are facing phased adjustments (such as trade in, new energy vehicle purchase tax, etc., which will be adjusted at the end of the year), the car purchase restriction and large-scale travel restriction policies can be cancelled at an appropriate time. He suggested that, based on drawing on international experience, more scientific and reasonable comprehensive alternative measures should be developed to achieve the transition from purchase management to usage management. From the perspective of automobile consumption trends, Wei Qijia believes that the optimization foundation provided by the "Plan" and the clear ideas and measures to unleash the potential of new energy vehicle consumption are clear. In order to accelerate the filling of the gaps in public charging and swapping infrastructure in counties and townships, activate the new consumption potential of new energy vehicles in counties and rural areas, the Plan proposes to carry out in-depth promotion activities for the construction and application of charging and swapping infrastructure in counties and townships, and strive to achieve full coverage of charging and swapping infrastructure in every township. ”Wei Qijia stated. At the same time, the 'Plan' also strives to deepen reforms and address concerns about the consumption of new energy vehicles. Currently, difficulties in purchasing insurance and high premiums are important issues that constrain the consumption of new energy vehicles. The 'Plan' proposes to deepen the reform of new energy vehicle insurance and optimize the benchmark rates of commercial vehicle insurance. The goal is to reduce the full life cycle cost of new energy vehicles from the source and increase consumers' willingness to purchase, "said Wei Qijia. In addition, the relevant person in charge of the Ministry of Industry and Information Technology stated that the working ideas of the "Plan" are "new". The person in charge stated that while focusing on expanding demand, the "Plan" emphasizes leading demand with high-quality supply, creating demand, and proposes measures such as stimulating potential consumer demand with technological innovation, leading product quality improvement with standard upgrading, and accelerating the digital and intelligent transformation of the automotive industry. The Plan also proposes to promote reform measures such as automobile admission management, enterprise group management of automobile production, and further standardize the order of industrial competition, in order to improve resource allocation efficiency and optimize the industrial development environment. (New Society)

Edit:Yao jue Responsible editor:Xie Tunan

Source:Shanghai Securities News

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