Wuhan Economic Development Zone: To Cultivate Six Hundred Billion-Level Vehicle Enterprises in the Next Five Years.

On February 24th, the Wuhan Economic and Technological Development Zone introduced at the 2026 Wuhan Science and Technology Innovation Conference press conference that it aims to cultivate 6 car companies with a market value of over 100 billion by 2030, forming a development pattern where state-owned enterprises and private companies, independent and joint ventures, and new forces and established forces compete. It will promote traditional joint venture car companies to accelerate transformation and upgrade, using "localized R&D + differentiated competition" as the path to consolidate and expand market share. By 2030, it aims to have more than 3 car companies with a market value of over 50 billion, and the production of joint venture brands will be stable at over 500,000 vehicles. It will implement the "strengthening chain and filling the chain" project to cultivate group-type automotive component companies with nationwide influence. By 2030, it aims to add more than 100 core component companies with a market value of over 10 billion, and push the city's automotive component ratio to 1:1.