Wang Xia: Under the new situation, multinational car companies must also "attract in and go out"

Source: Economic Daily - China Economic Network Guo Yue

In view of the new opportunities that China's new development stage will bring, Wang Xia believes that it is possible to think from four aspects: first, China has a more open and higher quality market environment; second, China's huge domestic demand will continue to be activated; third, technological innovation will drive the vigorous development of emerging industries, and the demand for new technologies and new products is increasing day by day; fourth, correctly understand the two-way opportunities of double circulation.

"Chinese automobiles not only have market advantages, but also manufacturing advantages, and the advantages of capital and talents are also gathering." Wang Xia, president of the Automotive Industry Branch of the China Council for the Promotion of International Trade and president of the China Chamber of International Commerce in the Automotive Industry, said, "The research and development and manufacture of automobiles should not only be in China, for China, but also for the world, and it is necessary to make good use of China's various advantageous resources to better provide support for global strategies." It can be introduced and walked out, not only for Chinese car companies, but also for multinational car companies. ”

Wang Xia, President of the Automotive Industry Branch of the China Council for the Promotion of International Trade and President of the China Chamber of International Commerce in the Automotive Industry

From November 4th to 10th, the third China International Import Expo was held in Shanghai, which became a bright color in the context of the global epidemic. As an official supporting professional automotive forum, the China Automotive Industry Development Forum was held at the same time on November 7, and Wang Xia delivered an opening speech analyzing the four new opportunities of the automotive industry in China's new development stage.

First, China has a more open and high-quality market environment. Wang Xia said that over the years, China has adhered to the concept of global development, focused on creating a market-oriented, rule-of-law and international business environment, and the investment environment, policy environment, management environment and service environment have become more and more attractive; on the other hand, it has continued to increase the construction of infrastructure and supporting facilities, and the hard environment for economic development has become better and better.

By 2022, China will completely abolish the restrictions on the number of foreign shares in passenger cars and the number of joint venture entrepreneurs, and Chinese automobiles will also achieve full opening up, and multinational car companies will have more strategic choices in China. "In the face of the new competitive environment, how to upgrade the cooperation model between Chinese brands, foreign brands and foreign brands, and find a new way to survive and develop, will test the wisdom of Chinese and foreign car companies." Wang Xia stressed.

Second, China's huge domestic demand will continue to be activated. China's middle-income population exceeds 400 million people, the absolute scale of the world's largest; at the same time, with the overall victory in the battle against poverty this year, the demand for consumption upgrading for the whole people will continue to release great potential. At present, China's urbanization permanent population has exceeded 60%, the population density of the main urban areas of Beijing and Shanghai even exceeds that of Tokyo and New York, and the construction of suburban new cities in large cities, promoting multi-center development, and strengthening the construction of county towns will be the next key direction of urbanization. "Urbanization and new infrastructure will be launched at the same time, and huge demand will be released both in the investment field and in the consumption field." Wang Xia said.

Third, technological innovation drives the vigorous development of emerging industries, and the demand for new technologies and new products is increasing day by day. During the 14th Five-Year Plan period, China's key development of strategic emerging industries, modern manufacturing, service industries, etc., are closely related to automobiles, and new energy vehicles and intelligent networks are the best carriers. On November 2, the State Council issued the "New Energy Vehicle Industry Development Plan (2021-2035)". By 2025, the proportion of new energy vehicle sales will reach about 20%, and highly autonomous vehicles will achieve commercial applications in limited areas and specific scenarios. In 2035, pure electric vehicles will become the mainstream of new car sales, vehicles in the public sector will be fully electrified, fuel cell vehicles will be commercially applied, highly autonomous vehicles will be applied on a large scale, the charging and swapping service network will be convenient and efficient, and the construction of a hydrogen fuel supply system will be steadily advanced.

In Wang Xia's view, China's new energy vehicles have advantages in infrastructure, communication technology, etc., but there are also shortcomings in core technologies, so open cooperation will become a new feature of the development of new energy vehicles, and Chinese and foreign car companies will usher in a rare period of historical opportunities. New energy vehicles have gone through the initial stage of support and cultivation, and are about to usher in a more vigorous new stage characterized by technological breakthroughs.

Fourth, correctly understand the two-way opportunity of the double cycle. China proposes to build a new development pattern with the domestic cycle as the main body and the domestic and international dual cycles as the mainstay, emphasizing the domestic and international double cycles, not the single cycle of the domestic economy, which in no way means the decline of the status of opening up to the outside world. On the contrary, the scale of China's import and export, the use of foreign capital, and foreign investment will continue to expand, because China's development is inseparable from the support of international high-quality resources.

Wang Xia believes that China's annual contribution to world economic growth is about 30%, and new car sales account for about 30% of the world. For the automotive industry, meeting the needs of the Chinese market is a big article in itself, and multinational car companies will definitely put the most advanced technology, the latest products, the most complete configuration and the best services into the Chinese market to better meet the growing needs of Chinese consumers. (Economic Daily-China Economic Network reporter Guo Yue)