Hou Fusheng, vice chairman and secretary general of the Chinese Society of Automotive Engineers, said at the 33rd Annual Congress and Exhibition of the Society of Automotive Engineers of China (SAECCE 2026) and Automotive Innovation Technology Exhibition (AITX) press conference that by 2030, new energy vehicles (NEVs) are expected to account for more than 70 percent of new passenger car sales. cars.
A China SAE official said that in the next five years, China's automobile industry will enter a new development phase characterized by electrification, intelligence and internationalization.
He further said that China will become a global source of advanced innovation in automotive technology and an important market for large-scale testing and piloting of new technologies and business models. He said the driving effect of sales in the overseas market will become more pronounced, while China's overseas auto sales are expected to reach nearly 10 million units by 2030, with about 40 percent coming from overseas localized production and sales.
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