China's 2025 Auto Sales Target Lower Than Expected Amid Regulatory Reforms

Reported about 6 hours ago

China's Ministry of Industry announced a vehicle sales target of 32.3 million for 2025, falling short of the China Association of Automobile Manufacturers' prediction of 32.9 million. The new target includes sales of 15.5 million new energy vehicles, a 20% increase from the previous year, and outlines plans for stricter regulations on autonomous vehicles and market practices. This comes as part of a broader effort to ensure stable growth and fair competition in the auto industry.

Source: YAHOO

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