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E-mail China.org.cn, January 3, 2025
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How has China's automobile industry performed in the first three quarters of this year? How does the MIIT view the development of the country's automobile industry? And what measures have been taken to promote the high-quality development of the industry? Thank you.
Zhao Zhiguo:
Thank you. I will answer your questions. Under the strong leadership of the CPC Central Committee, and with all departments working closely together, the automobile industry has risen to challenges and took positive action. In the first three quarters, the country's automobile industry operated well overall. From a macro perspective, the automobile industry has maintained steady growth. In the first three quarters, the added value of the automobile industry increased by 7.9% year on year. Production and sales reached 21.47 million vehicles and 21.571 million vehicles, respectively, up 1.9% and 2.4% year on year, respectively. A total of 4.312 million vehicles were exported, up 27.3% year on year. From January to August, the operating income and total profit of the automobile industry increased by 3.2% and 3% year on year, respectively. The NEVs sector has shown robust growth. In the first three quarters, production and sales of NEVs reached 8.316 million vehicles and 8.32 million vehicles, respectively, up 31.7% and 32.5% year on year, respectively. In the past three months, the sales of new energy passenger vehicles accounted for more than 50%, achieving a new breakthrough, and 928,000 NEVs were exported, up 12.5% year on year.
However, it should also be noted that the automobile industry still faces challenges such as weak domestic demand and growing export uncertainties. Going forward, the MIIT will conscientiously implement the decisions and arrangements of the CPC Central Committee and the State Council, and work with relevant departments to increase policy support and promote high-quality development of the industry.
A wide range of steps will be taken to expand automobile consumption. This includes the effective implementation of policies such as trade-in programs as well as preferential vehicle purchase tax and vehicle and vessel tax incentives to boost consumption. We will continue to promote the initiative of stimulating spending on new energy vehicles in rural areas, launch a new batch of pilots for the complete electrification of vehicles in public sectors and develop guiding opinions on the battery swap model for new energy vehicles, all aimed at actively expanding automobile consumption.
The second measure is to optimize automobile production access management policies. Efforts will be made to promote the issuance of regulations on motor vehicle production access management, improve a dynamic management mechanism for "admission and exit" and pilot self-inspection for road motor vehicle product access to further stimulate the vitality of business entities. We will explore the implementation of corporate group management, support enterprises in improving quality and efficiency, enhancing their strength and competitiveness. Enterprises will be guided to focus on the long term, strengthening technological upgrades, product iterations and innovative models while also continuously enhancing core competitiveness and creating a favorable industrial ecosystem for development.
The third measure is to support the innovative development of technologies. Through channels such as initiatives for high-quality development as well as national key research and development programs, we will continue to advance key technological breakthroughs in areas such as power battery materials and automotive chips. In-depth pilots will be conducted for the access and on-road driving of intelligent connected vehicles as well as "vehicle-road-cloud integration" trials to prudently promote the industrialization of autonomous driving technologies.
The fourth measure is to better support the international development of enterprises. We will actively address trade barriers such as anti-subsidy investigations and high tariffs, providing more support and convenience in areas like investment and management for automotive enterprises going global. We will strengthen the connectivity of standards and the alignment of regulations in areas such as autonomous driving and carbon accounting to create a favorable environment for development. Thank you.
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