Policy Boost: 8 Ministries Unveil NEV Growth Plan, Targeting 15.5 Million Sales in 2025
Published Time:
2025-10-10
Market data already reflects this upward momentum. From January to July 2025
The recently releasedAutomotive Industry Steady Growth Work Plan (2025-2026)jointly issued by eight ministries has injected strong impetus into the auto parts industry. The plan sets an ambitious target: to achieve approximately 32.3 million annual vehicle sales in 2025, including 15.5 million new energy vehicles (NEVs), representing a year-on-year growth of about 20%. This policy direction has clearly signaled sustained national support for independent innovation in the automotive industrial chain, with key focus on core NEV components and intelligent connected technologies.
Market data already reflects this upward momentum. From January to July 2025, passenger car retail sales reached 12.728 million units, a year-on-year increase of 10.1%; the penetration rate of NEVs rose sharply to 54.0%, and the market share of Chinese brand vehicles hit 64%, a 6.9 percentage point year-on-year increase. However, the industry still faces challenges: the dealer inventory warning index stood at 54.5% in July, indicating lingering pressure in the distribution sector. Industry analysts suggest that the policy will further accelerate the integration of the parts supply chain, with enterprises deeply bound to leading NEVs and those with R&D investment exceeding 5% set to be the primary beneficiaries.
