Eight Chinese government departments have jointly issued a two-year plan aimed at stabilising the country’s domestic auto sector. The plan sets out more than 60 measures across four areas: boosting demand, strengthening supply chains, optimising the business environment, and deepening cooperation.

Targets under the plan include 32.3m vehicle sales (including exports) in 2025, including ~15.5m new energy vehicles (NEVs, including battery electric vehicles and plug-in hybrids). The plan also …

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