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Zhang Yongwei: China's auto market expected to enter recovery phase in 2027
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Zhang Yongwei, Chairman of the China Automotive 100 Forum Research Institute, stated at a media briefing for the High-Level Forum on the Development of Intelligent Electric Vehicles (2027) that maintaining stability in China's automotive market is crucial for both the auto industry and macroeconomic growth. He forecast that in 2026, the market will enter an adjustment phase with full-year performance remaining 'primarily stable,' characterized by structural divergence: robust exports and weak domestic demand. Domestic sales are projected to decline by 18% in 2026, while exports are expected to grow by 55%. Zhang emphasized that sustaining annual domestic sales of 25 million vehicles during the 14th Five-Year Plan period is a key task for stabilizing internal circulation, and overall vehicle sales volume needs to be maintained between 35 million and 40 million units. He predicted the domestic automotive market will enter a recovery phase in 2027.
Source report
Jin10 Data, September 15 — Zhang Yongwei, Chairman of the China Automotive 100 Forum Research Institute, stated at a media briefing for the High-Level Forum on the Development of Intelligent Electric Vehicles (2027) that maintaining stability in China's automotive market is essential not only for the development of the auto industry itself but also as a critical task supporting macroeconomic growth.
Key Market Projections
- 2026 Adjustment Phase: China's automotive market entered an adjustment phase in 2026, with full-year performance expected to remain "primarily stable."
- Structural Divergence: The market is characterized by pronounced structural divergence, featuring robust exports and weak domestic demand.
- Domestic Sales: Projected to decline by 18% in 2026.
- Exports: Expected to grow by 55% in 2026.
Strategic Targets
During the 14th Five-Year Plan period:
- Sustaining annual domestic sales of 25 million vehicles is a key task for stabilizing internal circulation.
- Overall vehicle sales volume needs to be maintained between 35 million and 40 million units.
Recovery Outlook
The domestic automotive market is expected to enter a recovery phase in 2027.
(Source: e-Company)
Source
金十数据Eastern
Part of this Story
China EV100 Chairman forecasts domestic auto market recovery in 2027 after 2026 adjustment