Caixin

In Depth: China’s Carmakers Face Crossroads as Slowdown Persists

Published: Feb. 7, 2025  7:56 p.m.  GMT+8
00:00
00:00/00:00
Listen to this article 1x

For China’s auto industry, 2025 could be a year of fiercer competition, greater external pressure and more technological innovation.

In April, the National Development and Reform Commission (NDRC), China’s top economic planner, and the Ministry of Finance launched subsidies for prospective car buyers who trade in their older cars for new electric models. Three months later, the government doubled the subsidies.

loadingImg
You've accessed an article available only to subscribers
VIEW OPTIONS

Unlock exclusive discounts with a Caixin group subscription — ideal for teams and organizations.

Subscribe to both Caixin Global and The Wall Street Journal — for the price of one.

Share this article
Open WeChat and scan the QR code
NEWSLETTERS
Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription
PODCAST