·2025 electric vehicle sales target 7 million Ministry of Industry to support domestic car companies

According to foreign media reports, China expects its car sales to increase from 28 million in 2016 to 35 million in 2025, and one out of every five cars sold is a plug-in vehicle.
This means that the sales of electric vehicles will reach 7 million in 2025, accounting for about 40% of the annual sales of American cars. However, before the annual sales of electric vehicles in China reached 7 million in 2025, the sales target for 2020 was set at 2 million.
China's Ministry of Industry and Information Technology is committed to providing support for Chinese auto brands to maintain a certain degree of competitiveness in global competition. China's Ministry of Industry and Information Technology said that China is currently driving the development of urbanization, and domestic automakers are also expanding overseas, which will help to achieve a 25% year-on-year growth in China's auto sales.
However, due to this expansionary thinking, this is undoubtedly an opportunity for overseas car companies. The Ministry of Industry and Information Technology is considering whether to relax the relevant regulations for establishing foreign joint ventures. At present, if a joint venture company is established with a foreign car company, the Chinese shareholding ratio is required to be at least 50%.
China's Ministry of Industry and Information Technology said: "The quality of domestic brand cars has increased significantly, and its brand recognition, reputation and global influence have been strengthened. As of 2025, some Chinese car brands should be among the top 10 global car sales."

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