US EditionChina sets 2025 auto sales target below association forecast, vows tighter regulation
20 Articles
20 Articles
To stop a ravaging price war between national brands, Beijing announced a plan to limit the growth of vehicle sales.
China sets 2025 auto sales target below association forecast, vows tighter regulation
China is targeting 32.3 million in vehicle sales in 2025, the country's industry ministry said, below the 32.9 million units projected for the year by the China Association of Automobile Manufacturers (CAAM).
China unveils plan to ‘stabilise’ auto sector growth
BEIJING: China unveiled a plan on Saturday (Sep 13) to “stabilise” growth in its auto sector in the face of a price war between competitors and export woes, state media reported. Announced jointly by eight government departments, the plan for 2025 and 2026 “stresses cost surveys and price monitoring”, as well as encouraging innovation and domestic demand, according to state news agency Xinhua. The plan foresees a slowdown in total vehicle sales …
China said today that it has a plan to "stabilise" the growth of the car sector in the next two years, facing the war of prices between manufacturers and the difficulties of exports of Chinese cars. The plan provides for a slowdown in the growth of vehicle sales since 2025, with the objective of 2025 facing a 3% increase in 2024 for approximately 32.3 million vehicles sold. This represents a breakdown in the growth of 4.5% registered between 202…
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