China aims to join the ranks of the world’s leading automotive powers by 2030. It also seeks to strengthen its capabilities in the smart and connected new energy vehicle manufacturing chain and expand the use of vehicles equipped with autonomous driving functions. This is in accordance with its five-year plan for developing the automotive sector.
Ambitious Targets for New Energy and Autonomous Vehicles
According to the Chinese news agency, the plan aims for new energy vehicles to account for 70% of new passenger car sales. It also aims for them to reach 40% of new commercial vehicle sales in the domestic market by 2030.
The plan also anticipates the widespread adoption of autonomous vehicles. This includes the use of highly automated driving technologies on highways and urban expressways, as well as some roads within cities.
Reduce fuel and electricity consumption
The plan calls for further progress in key technologies. It also aims to reduce the average fuel consumption of passenger cars to 3.3 liters per 100 kilometers. Additionally, it aims to reduce the average electricity consumption of fully electric vehicles to approximately 11.5 kilowatt-hours per 100 kilometers by 2030.
The goals also include further developing the industrial structure and increasing digitalization and intelligence. In addition, it aims to increase overall labor productivity by 15% compared to its 2025 level.
Chinese companies are among the world’s largest companies.
China aims to develop several car manufacturers into the top 10 global companies by sales volume. Additionally, it seeks to propel its auto parts manufacturers into the top 100 globally.
Market data reinforces these ambitions, with new energy vehicles accounting for 60.6% of total new car sales in China last August, a record high.
Production of new energy vehicles also exceeded 1.65 million units, while sales reached over 1.64 million units during the same month. This represents an increase of nearly 20% year-on-year, according to data from the China Association of Automobile Manufacturers.
