Guangdong eyes over 1.1 trillion yuan in annual revenue of auto manufacturing industry by 2025

Shanghai (Gasgoo)- Guangdong Province, a coastal province in South China, expects the annual revenue of its automobile manufacturing industry to surpass 1.1 trillion yuan ($169.617 billion) by 2025, according to a document Guangdong provincial government released on Aug. 9.

The document, named the 14th Five-Year Plan for the High-quality Development of Guangdong Province's Manufacturing Industry, includes the efforts the province is going to make to build a world-class automotive industrial cluster. To strengthen the R&D and application of traditional fuel-powered vehicle technologies, Guangdong will provide considerable supports for the manufacturing of passenger vehicles (PVs), commercial vehicles (CVs), and special vehicles, pivoting on lightweight and energy-saving technologies and eying higher proportion of high-end models. Meanwhile, it will keep working on improving the supportive capability of auto parts, including engines, transmission, braking system, and automotive electronics.

AION S Plus; photo credit: GAC AION

To boost the development of local new energy vehicle (NEV) industry, Guangdong will endeavor to enhance its R&D ability in hybrid power systems, all-electric vehicles, and hydrogen fuel cell vehicles. Moreover, major efforts will be made to enhance the R&D of electric motors, batteries, and electric control systems, and speed up the construction of NEV-related supporting infrastructures.

Under the Plan, Guangdong's authority will support the development of sensing, controlling, execution, and infortainment systems used in intelligent-connected vehicles (ICVs). Additionally, it will vigorously promote the construction of the facilities for car inspection and testing, and build the pilot zones for demonstration of ICVs.