China's government wants its domestic-brand vehicles to account for 50 percent of its passenger-vehicle market by 2015. The country is looking to reduce its reliance on foreign automakers after years of doing assembly work for them.
A revised blueprint for China's auto industry targets China's self-branded cars to take 40 percent of the nation's total car market in the same time frame, said the Ministry of Industry and Information Technology in a proposal.
Total sales of Chinese-brand passenger vehicles, including cars, sport-utility vehicles, minivans and multipurpose vehicles, hit 4.09 million units for the first 11 months of this year, accounting for 44 percent of the auto market.
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