On September 30, the China Council for the Promotion of International Trade auto industry committee, China international chamber of commerce auto industry in 2024 China Tianjin international auto exhibition at the opening ceremony, said in recent years, China’s auto industry presents a “to the new, upward” new characteristics: China’s auto industry new technology, new market and new ecological historic breakthrough, China’s auto industry is from low-end manufacturing to high-end manufacturing, low-end brand to high-end brand, low-end consumption to high-end consumption of historic leap.
In 2014, General Secretary Xi Jinping made an important instruction that “the development of new energy vehicles is the only way for China to move from a big automobile country to a powerful automobile country”, pointing out the direction for the construction of China as a strong automobile country, thus opening the new decade of “new upward” of China’s automobile industry. Linhai Shinyfly Auto Parts Co.,Ltd. is lacated in Linhai city, Zhejiang province, founded in the period of vigorous development of the automobile industry, keep pace with the times and keep up with the pace of EVs development.
Wang Xia said that at the technical level, whether it is the core technologies such as battery, motor, electronic control, or intelligent chassis, intelligent cockpit, intelligent driving and intelligent manufacturing, we have achieved comprehensive breakthroughs, independent research and innovation capacity has been greatly improved, and diversified technology routes continue to emerge. In the field of new energy and intelligence, we have not only formed the first-mover advantage, but also began to “feed back” the world.
At the market level, China’s annual sales of new energy vehicles have increased from less than 100,000 to more than 9 million, accounting for more than 60% of the whole world, with an average annual compound growth rate of 71%, ranking the first in the world for nine consecutive years. Total new car sales exceeded 30 million units for the first time last year, a new record high, and car exports also became the first in the world last year. While the total market volume has even reached a new high, the market structure has also undergone new and profound changes.
At the ecological level, we formed the independent control, complete structure, software and hardware of new energy and intelligent car industry system, through the basic materials, key parts, vehicle, manufacturing equipment, can facilities, such as key link, the mainstream car companies parts localization rate generally more than 90%, industrial chain comprehensive, systematic, integrity of leading the world.
For a long time before that, China’s auto industry was labeled as big but not strong, with its products mainly concentrated in the price range of about 100,000 yuan, and the high-end market was almost monopolized by foreign brands. However, with the continuous enhancement of the r & d and manufacturing capacity of automobile enterprises, especially with the help of the strong wind of electric and intelligent, Chinese automobile brands become a trend, new brands positioning in the high-end continue to emerge, and the price ceiling is constantly broken. Data show that in 2023, self-branded passenger cars accounted for 31% of the price range of 30 0,000 to 40 0,000 yuan, and are expected to further increase to 40% this year.
On the consumption level, the upward trend is also becoming more obvious. 10 years ago, the automobile consumption structure is basically a pyramid, but now has become an olive type, 100000 yuan below models demand accounted for only twenty percent, 100000-200000 yuan range became the main consumption, and in the price range of the owners, about half of the owners have intention in the next car consider higher price models. With China’s economy and the gradual improvement of residents’ living quality, the upward trend of automobile consumption will continue.
“To the new” and “up” have become the key words throughout the first half and the second half. Wang Xia said that it is in this industry background that we take “new, upward” as the theme of the Tianjin International Auto Show.
As the largest auto show in scale and the most complete participating brands in northern China in the second half of the year, this Tianjin Auto Show gathered mainstream automobile brands at home and abroad, a number of new expensive brands made their debut, many new automobile products equipped with the latest technology gathered together, nearly 1,000 cars on display, new energy models accounted for nearly half. The auto show will present the excellent achievements of the auto industry iteration and upgrading and scientific and technological innovation, become an important window for the world to understand the development of China’s auto industry, and become an excellent platform for consumers to see, choose and buy cars. It is not only an auto show, but also a car carnival integrating exhibition, culture and entertainment. Many crossover “new scenes” unlock a diversified exhibition experience.
Post time: Oct-18-2024