BEIJING (Reuters) – Chinese automakers, which dominate the global market for new electric vehicles (NEVs), are seeking to outpace rivals in a market where innovation and creativity are the driving force behind innovation.
One of the latest developments in this strategy is 2024.
The WICV attracts more than 250 automakers and organizations from home and abroad, showcasing more than 200 new products and services.
“Intelligent connected vehicles (ICVs) have become an important part of the auto industry, and Chinese manufacturers are rapidly moving in a new direction where intelligence is a key competitive advantage,” said Li Shufu, CEO of Geely Holding.
“Seizing the opportunities provided by technological progress and transforming China into a major automotive power is a key goal that China’s automobile industry is focusing on,” he said.
The company is also committed to developing an integrated network of environmental and climate data.
Zhou Huaron, president of Chongqing Changan Automobile, said that China’s passenger car market is expected to grow rapidly this year, with sales exceeding 17 million units and the passenger car market share reaching 63 percent.
“China is developing manufacturing technologies to improve the government’s ability to strengthen the supply chain and improve the quality of its products,” said Stephan Mecha, senior vice president of Volkswagen China’s passenger car division.
Chinese Premier Jin Zhuanlong announced a comprehensive plan to manufacture automotive components and parts for China, such as core chips, sensors, computing platforms and vehicle safety systems, at a WICV production ceremony on Tuesday.
“China is a world leader in human-machine collaboration and the promotion of new technologies such as advanced automation and autonomous driving,” the company said.
According to Jin, the domestic and intercity vehicle (ICV) industry includes 400 “affiliates,” or a new large sector made up of small and medium-sized companies specializing in manufacturing, marketing know-how and operational skills. China has five of the top ten lidar factories by global sales, and nine car companies are testing autonomous vehicles.
Xiaomi founder and CEO Lei Jun told WICV that the tech giant will ship its first NEVSU7 with a capacity of over 20,000 units this month and hopes to complete production by the end of November.
The new version, released in late March, introduces new technologies in several areas, including design, battery, steering and interior controls.
The CEO stressed that all companies must be healthy and active in the global market. He advised Chinese factories to invest more in marketing and focus on creating more environmentally friendly cars.
International brands such as Volkswagen are also looking for more innovative solutions in their efforts to enter the Chinese market.
“We will continue to invest in our research and development capabilities to ensure they are relevant to the growing electric vehicle industry in China,” said Ralf Branstetter, President and CEO of Volkswagen Group China.
In addition to expanding its production base outside Germany in the eastern Chinese city of Hefei, Volkswagen has also established strong partnerships with local companies such as Xpeng and technology titans including Gosan, Thundersoft, and Horizon Robotics
This important collaboration is part of a broader global development.
