China for first time sets 'entering ranks of world auto power' in industry plan, Economic Daily says three tough battles remain
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According to an article in Economic Daily on September 22, China's Ministry of Industry and Information Technology and eight other departments recently released the '15th Five-Year Plan for the Development of Intelligent Connected New Energy Vehicles.' This marks the first time that 'entering the ranks of world automobile powers' has been written into an industrial plan. The article notes that the plan uses the phrase 'entering the ranks' rather than 'building a world automobile power,' a restrained but meaningful choice. It argues that to transition from a large automobile country to a strong one, China's auto industry must win several hard battles: first, a battle to conquer core underlying technologies; second, a battle to regulate industrial order and 'anti-involution'; and third, a battle for globalization through a 'system going global' strategy.
Source report
September 22 — According to an article in Economic Daily, nine government departments, including the Ministry of Industry and Information Technology, recently released the "15th Five-Year Plan for the Development of Intelligent Connected New Energy Vehicles." This marks the first time that China has explicitly included the goal of "entering the ranks of world automotive powers" in an industrial plan.
Notably, the Plan uses the phrase "entering the ranks of world automotive powers" rather than "becoming a fully established automotive power." The wording is restrained yet significant.
To transition from a major automotive country to a true automotive powerhouse, China's automotive industry must win several tough battles:
- The battle for breakthroughs in core underlying technologies
- The battle against "involution" to regulate industrial order
- The battle for global expansion through a "systematic approach to going overseas"
Source
domesticEastern
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China sets 2030 goal to become world automotive power in new five-year plan