SHANGHAI (Reuters) -China is targeting 32.3 million in vehicle sales in 2025, the country’s industry ministry said, below the 32.9 million units projected for the year by the China Association of Automobile Manufacturers (CAAM).

The target was part of a plan to support stable growth in the auto sector that China’s Ministry of Industry and Information Technology, along with seven other government agencies, issued on Friday.

The target for sales of new energy vehicles was set at 15.5 million units, up roughly 20% from the previous year. That compares to CAAM’s forecast of 16 million units.

The plan also outlines conditional approval for Level 3 autonomous vehicles, and efforts to improve road safety, insurance frameworks and related regulations.

The plan includes measures to strengthen f

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