China Intelligent and Connected Vehicles (ICV)

By 2025, partial and conditional automation vehicles are expected to account for over 50% of new vehicle sales in China. The Chinese government has also set certain goals for the ICV market by 2030. These goals include having ICVs with partial and conditional automation features to account for over 70% of new vehicle sales; having highly automated ICVs account for over 50% of new sales; and having almost all new vehicles carry the Cellular Vehicle-to-Everything (C-V2X) system all by 2030.

While foreign and U.S. companies may face barriers related to data flow restrictions, intellectual property protections, and export controls, some opportunities may also arise for U.S. companies. U.S. firms with experience producing sensors and computing chips and providing on-road testing services will likely be at an advantage over their Chinese counterparts. U.S. firms have a further technological lead in developing related computing hardware. They are leaders in semiconductors, and demand from China is expected to strengthen as ICVs are deployed on a large scale in the 2025-2030 timeframe. U.S. companies can also partner with Chinese autonomous vehicle players to capture market share in the future of the mobility market.

For more information contact Office.Beijing@trade.gov.