Max Wang’s Post

Theme Salon: The opportunities and prospects of China's #NEV development from a global perspective On the afternoon of August 9, 2024, the China Clean Transportation Partnership (CCTP) held the 27th session of the theme salon: "Opportunities and Prospects for China's New energy Vehicle Development from a Global Perspective". The salon adopted a combination of online and offline methods, attracting nearly 50 experts, scholars and industry practitioners in the field to jointly provide insights and suggestions for the international development of China's new energy vehicle enterprises. Liu Bin, chief expert of China Automotive Technology Research Center and deputy director of China Automotive Strategy and Policy Research Center, mentioned that China has become an important global automobile production and export base. However, China's new energy vehicles are facing a relatively severe external situation and internal problems, and need to rely on relevant international development policies and measures to achieve rapid development. Cui Dongshu, Secretary general of the Passenger Car Market Information Joint Branch of the China Automobile Circulation Association, pointed out that Chinese automobiles have seized the opportunity of the synchronous development of new energy vehicles and fuel vehicles, especially in emerging markets such as Southeast Asia, the Middle East and South America. Liu Xiaoshi, deputy secretary-general of the China Electric Vehicle 100 Association, stressed that it is necessary to deeply understand the complexity of the international development of NEVs into systematic engineering and long-term strategy, and pay attention to the changes in the external environment and global industrial pattern adjustment. To this end, he suggested deepening understanding of complex political and cultural factors overseas, and improving early warning and response capabilities to multiple issues such as geopolitical conflicts, rising international trade protectionism, economic downturn and market competition. 🔗 link: https://lnkd.in/gQ2bEcPt

MANUFACTURING FACILITIES: Continental opens fourth expansion at #Hefei plant #Continental has celebrated the grand opening of the fourth expansion phase of its tire plant in Hefei, #China, which recently received an ISCC - International Sustainability and Carbon Certification Plus #sustainability certification. “Our latest #expansion further solidifies our ‘in the market, for the market’ approach. It enables us to meet the demands of our customers in the Asia-Pacific region even better. Expanding our plant in Hefei for the fourth time is a testament to our #business success in these markets,” said Dalibor Kalina, head of Continental’s replacement tire business, Asia-Pacific. Read more here: https://lnkd.in/eSDC__8y #Tires #Tyres #TireTechnology #TireDevelopment #Manufacturing #Sustainability #ChemicalEngineering #MechanicalEngineering #Technology #Transportation #TireTechExpo

DEKRA celebrated the groundbreaking ceremony for its Kunshan Testing Center, marking a significant milestone in enhancing quality in the automotive and electronics sectors. This underscores our commitment to driving growth through technology and investment.🚀 Held on March 11, 2024, in Kunshan, China, this event reaffirmed DEKRA's confidence in the Chinese market. The ceremony was attended by government officials from the Kunshan Economic & Technological Development Zone, as well as Mr. Stan Zurkiewicz, DEKRA CEO, Dr. Kilian Aviles, SVP of DEKRA APAC and Managing Director of Mainland China and Hong Kong, Ms. Candy Shen, Director of Human Resources & General Administration, East & South Asia, and Mr. Ming Sheng, GM of EV Components and Automotive Business Development, DEKRA China. Mr. Stan Zurkiewicz emphasized DEKRA's deeper involvement in the industry, highlighting our commitment to technology-driven growth and customer centricity. He stated, "It's not merely to inaugurate the groundbreaking of a new testing center, but to celebrate the strategic vision that propels DEKRA forward into the heart of innovation and progress. Our customers, the lifeblood of our organization, have placed their trust in DEKRA for decades. This new testing center is more than a physical space; it is a symbol of DEKRA's commitment to customer centricity, innovation, quality, and global collaboration. "🌐 Spanning 6,500 square meters and equipped with cutting-edge equipment and a skilled team, the DEKRA Kunshan Testing Center will offer comprehensive services for automotive components and electronics, aimed at raising product quality and fostering innovation in these industries.🎉 Let's journey together into this new chapter. 🌟 #DEKRA #TechDrivenGrowth #Innovation #GlobalCollaboration #IndustryLeadership #CustomerCentricity

🚗 Study Reveals Key Insights into China’s Automotive Industry! 🚗 A recent study by anp management consulting GmbH unveils the concentration and regional distribution of #automotive production in China. Here are some highlights: 🔹 Market Concentration: The top 15 OEMs operate 60% of all automotive plants. 🔹 Regional Dominance: Eastern provinces (Guangdong, Jiangsu, Zhejiang) host 32.5% of all plants. 🔹 Production Capacity: Average capacity is 173,620 units per plant. 🔹 EV Surge: Electric vehicle manufacturers, like BYD, are gaining ground. Current Trends: 🌍 Global Expansion: Chinese manufacturers are pushing into international markets. 💰 Price War: Intense competition and overcapacity lead to aggressive pricing. 🔧 Technological Innovation: Continuous investment in R&D is crucial. The Chinese automotive industry is evolving rapidly, presenting both challenges and opportunities. Stay tuned for more updates! 🚀 Read the full article at EUROGUSS 365: https://lnkd.in/eRdxTJ-P

➡ Take your guess! #automotive #manufacturing The graph below shows the development of three different input exposure indicators of the Czech automotive industry to Chinese inputs. One is measured on the observed trade flows, one on all observed trade flows and "unobserved" flows, i.e., inputs in inputs across the globe, and one is measured on a value-added basis of all the total inputs. ❓ Which is which?! These indicators range from 0 to 1. Inputs from the domestic economy are also included in the calculations, so these indicators for China do not rise so high in its total levels as if we excluded all domestic inputs. More on this in my forthcoming paper for the GERPISA - Le Réseau International de L'Automobile colloquium in Bordeaux this June! Škoda Auto University #electromobility

2024 China Automotive Forum was grandly held in Jiading, Shanghai The 14th China Automotive Forum was held in Shanghai from July 11 to 13, 2024. The theme of this forum is "Leading New Changes and Winning a New Future". It has set up "closed-door summits, conference forums, more than 10 theme forums, 9 major releases, theme visits" and other meetings and supporting activities, which comprehensively gather government leaders, global automotive leaders, and automotive industry elites, aiming to gather the strength of all parties, form a consensus on development, guide the future direction, and promote the sustainable and high-quality development of the automotive industry. As an event with a significant and far-reaching impact on the development of the automotive industry, the 2024 China Automotive Forum is guided by the Ministry of Industry and Information Technology of the People's Republic of China, the China Association for Science and Technology, and the China Machinery Industry Federation, hosted by the China Association of Automobile Manufacturers, supported by the People's Government of Jiading District, Shanghai, and the World Automobile Organization, and hosted by Automotive Vertical and Horizontal All Media and China Automotive Industry Economic and Technical Information Research Institute Co., Ltd., and co-organized by Anting Shanghai International Automobile City. This year marks the 75th anniversary of the founding of the People's Republic of China. It is a critical year for achieving the goals and tasks of the "14th Five-Year Plan". It is also an exciting year for the transformation and upgrading of China's automobile industry and intensified competition. At present, after years of accumulation and hard work, China's automobile industry has achieved remarkable achievements in the first half of "electrification". When entering the critical period of the second half of the competition of "intelligence", the entire industry chain will face unprecedented subversion and change. How can Chinese automobiles achieve leadership and win-win cooperation? This is not only the core issue faced by automobile management departments, industries, enterprises, etc., but also the main topic of the 2024 China Automobile Forum. At this forum, authoritative scholars and experts from all walks of life will focus on the transformation problems, opportunities and challenges, and future trends faced by China's automobile industry in the new era, and seek new paths and new ideas for high-quality development. eek a path to high-quality development amid many challenges. #CableHarnessManufacturers #componentsdistribution #Electronicsmanufacturing #WireHarness

Staying Competitive in the Chinese Market: Strategies from European Leaders As the world's largest and most dynamic automotive and industrial market, China offers unparalleled opportunities and also unique challenges. European companies like Webasto, Danfoss, Schaeffler and Festo have set exemplary standards in adapting strategies to excel in this environment. 🔹 Local Production & Expansion: European firms are investing heavily in local production. Webasto has opened its 10th plant in China, and Festo has established multiple facilities to enhance its manufacturing footprint. Danfoss, a leader in climate and energy solutions, continues to expand its production capabilities to cater to local demand more efficiently. 🔹 Innovation & Localization: Innovation tailored to local needs is crucial. Webasto's advanced sunroof systems and EV solutions are designed specifically for the Chinese market. Similarly, Danfoss focuses on energy-efficient solutions that align with China's green initiatives, while Festo adapts its automation technologies to local industrial requirements. 🔹 Localization of Procurement & Services: Localizing procurement and services is a significant success factor. By sourcing materials and services locally, these companies reduce costs, shorten supply chains, and increase responsiveness to market changes. This approach also fosters stronger relationships with local suppliers and partners, driving mutual growth. 🔹 Cost Optimization: Following a challenging financial year, Webasto is restructuring its global cost structures to boost competitiveness. Danfoss, Schaeffler and Festo also continuously optimize operations to maintain cost-efficiency while delivering high-quality products. 🔹 Government Relations: Building strong ties with local authorities is vital. Webasto, Danfoss, and Festo benefit from aligning their strategies with regional and national policies, securing support for their initiatives. This collaboration facilitates smoother operations and opens doors to new opportunities. 🔹 Sustainability Focus: Emphasizing sustainable practices is increasingly important. Succesful companies provide solutions to contribute to China's sustainability goals and green technologies. By integrating these strategies, European companies not only survive but thrive in the competitive Chinese market. Having lived and worked in China for over 17 years, I have witnessed firsthand the main success factors and typical failures foreign companies face. My deep-rooted expertise allows me to support companies in navigating this complex market successfully. Whether you're looking to localize your procurement, optimize costs, or strengthen government relations, I am ready to guide you to achieve sustainable success in China.  #GlobalBusiness #ChinaMarket #Innovation #Sustainability #BusinessStrategy #AutomotiveIndustry #IndustrialAutomation #Procurement #InterimSupport #ChinaExpert

🚗 Live from the Beijing Auto Show – Joe Ngai, Chairman of McKinsey Greater China, sits down with Mingyu Guan, Senior Partner and leader of the Automotive & Assembly practice in our Greater China region, for an insightful conversation on the state of the electric vehicle industry in China. In the video, Mingyu highlights some key industry trends: 🔹 The electric vehicle market in China is growing at a rapid pace, with a projected 5-6% year-over-year growth in overall volume. Electric vehicles are leading the way in this growth, with a penetration rate of over 30% last year and close to 40% in the first quarter of 2024. 🔹 The competition in the market is intense. Every brand is striving to gain market share and innovate their products, with pricing being a key lever in this race. 🔹 Looking beyond China, Mingyu also discusses the aspirations of Chinese OEMs to enter overseas markets. While it may be a new game for them, they are determined to learn and adapt. 🔹 Mingyu also addresses the question of how Chinese brands will compete in established markets like Europe. He points out that Chinese brands have already gained significant market share in some regional markets, proving their competitiveness. However, each region is unique, and Chinese companies will need to understand local preferences and work on building their brand recognition. Looking ahead, Mingyu predicts that consolidation in the industry is inevitable. With the supply of electric vehicles increasing and the potential for price erosion, some companies may face challenges and even go out of business. However, the winners will emerge stronger, leading to a healthier and more vibrant industry in the future. #WinningintheNextChina #BeijingAutoShow2024 #ElectricVehicles

China has become the centre of the automotive world 🚗 ❔ How did this happen, and why were the major international players so surprised by it last year? ❔ What further developments can we expect? ❔ How do experts see further trends in the Chinese market and the impact on Europe? To get to the bottom of these questions, Drees & Sommer China, together with mediaman Shanghai, organised a roundtable in Shanghai. We co-hosted the event and gathered a dedicated group of guests and experts from the automotive industry. Our guests included experts from OEMs, suppliers, consultants and architects. We discussed important trends in various areas: -       From China to the world -       Customer behaviour -       Digitalisation -       Transition to green mobility -       Supply chain Read our key findings below 👇 Stay tuned for more updates on the dynamic automotive landscape! Florian Zeim Hendrik Niedenthal #AutomotiveInsights #ChinaMarketShifts #Dreso

How are leading industry players addressing the question of whether to stay and compete in China or separate from the market to protect investments? Join our automotive experts to discuss recent changes in China’s automotive industry structure, policy, and regulation. Register here today. #China #automotive