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 of the intelligent connected new-energy-vehicle industry, unveiled on Thursday by the Ministry of Industry and Information Technology and...
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September 11, 2026 at 1:00 PM
‘Key pillar’: the 5-year powerhouse plan for China’s car industry
SCMP Business