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‘Key Pillar’: the 5-Year Powerhouse Plan for China’s Car Industry

China is set to secure its place among the global automotive powerhouses by 2030 through further efforts to boost domestic sales and foster technological innovation, while a capacity alert mechanism will be introduced to guard against disorderly competition. The ambitious targets and actions are laid out in the country’s 15th five-year plan for the development [...]

4 Articles

South China Morning Post

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‘Key pillar’: the 5-year powerhouse plan for China’s car industry

Beijing’s outline calls for boosting domestic market and innovation while controlling capacity to avoid involution effects.

10 hours ago·Hong Kong, Hong Kong

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ELECTRIC VEHICLES

China Bars New EV Makers and Orders Consolidation in 2030 Industry Plan

China will "strictly control" the licensing of new independent electric-vehicle manufacturers, push mergers across provincial lines and force "outdated and inefficient" capacity out of the market.

12 hours ago

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