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CPCA: 15th 5-Yr Plan Expected to Drive Domestic Car Sales to Exceed 35M Units
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The China Automobile Dealers Association (CADA): China Passenger Car Association (CPCA) released a brief analysis of the recommendations for the 15th Five-Year Plan highlighting that the plan emphasizes 'effective qualitative improvement.' Measures to expand domestic demand and strengthen internal circulation and other purposes are expected to drive domestic car sales to exceed 35 million units during the 15th Five-Year Plan period. The penetration rate of NEVs is expected to surpass 70%, and ADAS will become more widespread. AASTOCKS Financial News Website: www.aastocks.com |
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