China Targets 70% NEV Share, Autonomous Driving Scale-Up by 2030

The plan's emphasis on large-scale deployment of autonomous driving functions alongside the NEV targets signals that China's policy focus is shifting from electrification volume toward software-defined, connected vehicles — a harder competitive frontier for legacy automakers and foreign brands already losing share in the NEV market. For RWA and tokenization watchers, the relevant thread is that scaled autonomous fleets generate machine-readable operational data and asset-level cash flows, the kind of collateral that could eventually be structured on-chain, though the plan itself says nothing about that. Whether the 70% target proves achievable or aspirational, and how enforcement mechanisms evolve, is the open question.