Zhang Yongwei, vice president and secretary general of China Association of 100 Electric Vehicles (CAEV), recently revealed at a media conference that China's auto market is expected to reach about 32 million units in 2025 and maintain a growth rate of 3%. This forecast shows that China's auto market has entered a relatively stable but continuous growth stage of development.

Zhang Yongwei said that China's electric vehicle market will maintain strong growth momentum in the coming years. Optimistic estimates suggest that new energy vehicle sales will reach about 16.5 million units (including exports) in 2025, with a year-on-year growth rate of about 30 percent. Among them, the domestic market is expected to reach 15 million units, and the penetration rate of new energy vehicles will reach about 55%, marking a relatively high-quality development stage for China's auto market.

Within the new energy vehicle market, the electrification of passenger cars has entered a normalized development, while commercial vehicles have entered a period of rapid climb. It is predicted that domestic sales of new energy commercial vehicles will exceed 900,000 units in 2025, with a year-on-year growth rate of up to 80%. This trend shows that the new energy vehicle market is expanding and gradually penetrating into more market segments.

In addition to the new energy trend, automotive industry intelligence has also become an important direction for future development. Zhang Yongwei observed that the automotive industry's intelligence has entered a period of full acceleration, and that high-level intelligent technologies are rapidly entering the market of medium- and low-priced models, i.e., the mainstream market segment of RMB 100,000 to 200,000 yuan. This will enable more consumers to enjoy the convenience and comfort brought by intelligence.

In addition, the advancement of intelligence in the automotive industry will also bring about an aggregated spillover effect. Intelligent automobile technology can be further applied to the low-altitude field and robotics industry, promoting the accelerated landing and amplification of new quality productivity. This will bring new growth points for the automotive industry and promote the transformation and upgrading of the entire industrial chain.

China's electric vehicle market will maintain steady growth in the coming years, with a significant trend towards new energy and intelligence. With the continuous progress of technology and market expansion, China's auto industry will usher in a broader development prospect.

Synthesized from China News Network