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China Further Develops Automotive Chip Industry

CHINA PRESS
MNI (Singapore)

China plans to formulate over 30 key standards for automotive chips by 2025, and 70 standards by 2030 to help build a safe, open and sustainable industry, according to the latest guidelines published by the Ministry of Industry and Information Technology on Monday. The market size of the country’s automotive chips sector will likely reach CNY90.54 billion in 2024, expanding from CNY79.46 billion in 2022. (Source: Securities Times)

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