·Guangzhou released the 2025 strategic plan for the automotive industry

On April 17, the Guangzhou Municipal People's Government issued the 2025 strategic plan for the automobile industry in Guangzhou. According to the plan, by 2025, Guangzhou's new energy vehicle production capacity will reach 1 million units, entering the top three in China.
According to the plan, by 2025, Guangzhou's total automobile production capacity will reach 5 million units, and strive to achieve the largest scale of production and sales in China's automobile manufacturing base, and strive to achieve an annual output value of 1 trillion yuan in the automobile manufacturing industry. China's brand cars have a production capacity of 2.5 million units across the country, and the production and sales scale ranks among the top three in China. The overall fuel consumption of the new passenger car dropped to 4 liters / 100 kilometers.
According to the plan, the Guangzhou Municipal Government will focus on supporting automotive frontier technology, common key technology research and development, and automotive industry basic research. Integrate existing municipal industrial funds, establish Guangzhou Automotive Industry Innovation and Development Fund, adopt market-oriented methods such as equity investment, and focus on Chinese brand cars, new energy vehicles, intelligent network vehicles, fuel cell vehicles and core auto parts.
In terms of policy support, financial institutions are encouraged to give priority to credit support for Chinese brand cars, new energy vehicles, intelligent network vehicles, fuel cell vehicles and core auto parts, and to expand corporate financing channels through capital markets, financial leasing, and internet finance. Support auto industry enterprises to make use of multi-level capital markets to become bigger and stronger.
In addition, strengthen the support of land, formulate the key development catalogue of Guangzhou's automobile industry, give priority to the inclusion of automobile projects in the catalogue to provincial and municipal key construction projects, and give green channel support in project approval, planning, land use approval, etc., and give priority to land use.

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