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China’s Zhengzhou city eyes 3 million vehicles of annual production capacity by 2025

iconSep 23, 2024 16:18
Source:gasgoo
Zhengzhou city, the capital of China's Henan province, is aiming to boost its total vehicle production capacity to 3 million units by 2025.

Shanghai (Gasgoo)- Zhengzhou city, the capital of China's Henan province, is aiming to boost its total vehicle production capacity to 3 million units by 2025, with new energy vehicles (NEVs)  surpassing an annual output of 1.5 million units, according to He Xiong, Mayor of Zhengzhou city. He made this announcement during the opening of the 2024 China (Zhengzhou) New Energy Vehicle Ecosystem Partner Conference on September 23.

In recent years, Zhengzhou has focused on building a trillion-yuan NEV industrial cluster. The city has seized opportunities arising from China's fuel cell vehicle demonstration programs and worked to strengthen and extend its NEV industry chain. Zhengzhou now boasts a diverse product portfolio, including traditional fuel vehicles, pure electric vehicles, hydrogen fuel cell vehicles, and intelligent connected vehicles. This full-spectrum industrial chain covers manufacturing, R&D, testing, and aftermarket services.

The city now has production bases of seven major automakers, including SAIC Motor, Yutong, Haima Automobile, Dongfeng Nissan, and BYD, along with 15 special vehicle manufacturers such as Yutong Heavy Industries. Over 200 supporting enterprises, including BAK Battery and Fuyao Group, have also established operations in the region, pushing Zhengzhou's current vehicle production capacity to over 2.6 million units and the industry's output value to around 300 billion yuan.

Looking ahead, Zhengzhou plans to accelerate development in electrification, connectivity, and intelligence, with a particular focus on pure electric, fuel cell, and intelligent connected vehicles. The city aims to create a new "Automobile+" industrial ecosystem, scaling up NEV and intelligent vehicle production. In addition to the aforesaid goal of vehicle production capacity and NEV output, by 2025, Zhengzhou aims to boost its vehicle industry output value to 500 billion yuan. The city also seeks to foster over 500 auto parts suppliers, with a locally sourced parts supply rate exceeding 60%.

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