Official Release: Cost Estimation Standards for Complete Vehicles in China's Automotive Industry
Recently, the group standard *Rules for Cost Estimation of Complete Vehicles in China's Automotive Industry*, led by the China Association of Automobile Manufacturers (CAAM) and jointly compiled by 18 major domestic vehicle manufacturers, was officially released.
As China’s first unified set of cost estimation standards for finished automobiles, it resolves the long-standing industry issue of inconsistent accounting calibers and lack of benchmarking basis. It serves as a key measure for the auto sector to curb disorderly price competition and advance high-quality development, as well as a major achievement of the whole industry in reaching consensus and establishing self-regulation norms.