"The development of new energy vehicles in China has indeed exceeded our imagination," Ye Fei, president and CEO of Michelin Greater China, described his experience in the past two years.
Before, he had expected that the penetration rate of domestic new energy vehicles would be stable at 30% for a long time, but did not expect that this year has exceeded 50%, and the number is still growing.
Last year, a landmark event in the auto industry was BYD's entry into the world's top 10 auto brands by sales for the first time, while BYD's car exports reached 240,000 units, and the industry is generally optimistic about BYD's global expansion prospects. Also in 2023, China exported a total of 5.221 million vehicles, an increase of 57.4% year-on-year, and the growth rate is much higher than usual.
Chinese car companies are paying more and more attention to multinational operations, and "going out" has become an industry consensus. In this context, foreign parts enterprises have found a new historical opportunity.
"Going overseas with our own brand is a great opportunity for us." Li Jingcheng said that the business environment faced by auto companies overseas is not the same as that at home, and the advantages of multinational auto supply chain companies are reflected. "We are able to provide our partners with consultation and support in overseas markets, and work with our partners to 'go global' in the industrial chain."
Exhibitors from imported goods, to deep localization, and then to the international hand in hand, but only 7 years. The connotation of the Expo is still constantly refreshing and evolving, reflecting the future of the development of China's automobile industry.