Draft of Changchun’s auto-industry 15th Five-Year Plan says China’s auto market has entered a stock-competition phase and industry profit margins fell to 4.1% in 2025, below the industrial average. The draft signals accelerated consolidation with central government support for mergers and group-style management, projecting domestic vehicle-maker groups will shrink from 71 to about 15 by 2030. Against heightened competition and stronger regulation, FAW’s production and sales in Changchun have dec

Draft of Changchun’s auto-industry 15th Five-Year Plan says China’s auto market has entered a stock-competition phase and industry profit margins fell to 4.1% in 2025, below the industrial average. The draft signals accelerated consolidation with central government support for mergers and group-style management, projecting domestic vehicle-maker groups will shrink from 71 to about 15 by 2030. Against heightened competition and stronger regulation, FAW’s production and sales in Changchun have declined recently, leaving it exposed to potential central SOE strategic restructuring.