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China Sets Target to Increase Annual Car Sales to 27 Million Units by 2023

(Xinhua photo file: BYD new energy vehicles Chinese car manufacturers at the 27th Guangdong-Hong Kong-Macao Greater Bay Area Economic Exhibition in Shenzhen, south China’s Guangdong Province, June 16, 2023)

BEIJING, Sept. 2 (Xinhua) — An action plan published by China’s Ministry of Industry and Information Technology. China, together with six other government departments, said on Saturday it set a target of increasing annual car sales in 2023 to about 27 million units, up 3 percent from 2022 levels. The new energy vehicle sales target is about 9 million units, or an increase of 30 percent year on year.

to achieve growth goals The action plan outlines measures such as increasing the use of new energy vehicles and maintaining the stability of fuel vehicles. promote car exports Supporting the sale of used cars Strengthen product quality Stabilize industry and supply chain as well as improving various infrastructures

All existing policies to support the use of new energy vehicles should be properly implemented. At the same time, there will be no additional regulations on the purchase of fuel vehicles. In addition, there will be a full test of the use of electric vehicles for public transportation in the pilot zone.

Automobile companies are encouraged to develop and produce products for foreign markets. and increased efforts to explore the markets of the Belt and Road Initiative (BRI) countries and emerging economies.

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2023-09-03 17:39:06

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