The China Automotive Engineering Society forecasts new-energy vehicles (NEVs) will account for more than 70% of new passenger-car sales by 2030; L3/L4 autonomous-driving features will be fitted on over 35% of new passenger cars, and Chinese automakers' overseas sales will reach nearly 10 mln units. The society expects the next five years to bring accelerated electrification, digital-intelligent transformation across the full industry chain, and a deep reshaping of competitive and cooperative dyn

The China Automotive Engineering Society forecasts new-energy vehicles (NEVs) will account for more than 70% of new passenger-car sales by 2030; L3/L4 autonomous-driving features will be fitted on over 35% of new passenger cars, and Chinese automakers' overseas sales will reach nearly 10 mln units. The society expects the next five years to bring accelerated electrification, digital-intelligent transformation across the full industry chain, and a deep reshaping of competitive and cooperative dynamics between domestic and foreign automakers. Vice chairman and secretary-general Hou Fushen made the remarks at the society's June 3 annual meeting press briefing.