Key facts
- China aims for new-energy vehicles (NEVs) to constitute 70% of new passenger car sales by 2030.
- The plan targets technological upgrades and energy efficiency improvements.
- The strategy seeks to solidify China's automotive dominance and promote international expansion.
The Chinese government has released a five-year development plan for its intelligent-connected new-energy vehicle (NEV) industry, setting a target for NEVs to account for 70% of new passenger car sales by 2030. The roadmap outlines China’s strategy to solidify its automotive dominance through technological upgrades, energy efficiency improvements and international expansion, even as domestic adoption rates are already nearing the target amid global energy volatility.