challenges and opportunities for China’s automotive market #stay home for your safety

China’s automotive industry has been growing rapidly and therefore the country is playing an increasingly important role within the global automotive market. per the Ministry of Industry and data Technology (MIIT), China’s countrywide automotive sales have broken through the benchmark of 28 million in 2016, globally ranking first for eight consecutive years.

However, pressing environmental requirements and fierce outside competition are forcing China’s automotive industry to accelerate its innovation and transformation; on the opposite hand, trends like consumption upgrades, rise of small towns and therefore the integration of data and communication have complicated demands for automobile consumption.

Facing a rapid change in technology and therefore the growing intricacy of an industrial environment, where will China’s automotive market go? What are the new opportunities?
With the rising of cars in China, vehicle emissions have become prominently problematic. China Vehicle Environmental Management Annual Report 2017 showed that the emission from automobiles constitutes a significant source of pollution. Therefore, environment protection measures targeting automobiles are taken.

In addition, energy consumption of the standard automotive industry is comparatively high. Xin Guobin, Deputy Minister of Ministry of Industry and data Technology distinguished that China was lagging behind international standards in terms of passenger vehicle fuel consumption in 2016. China has made a commitment to the planet to succeed in a carbon emission peak in 2030 and increase the proportion of primary energy to twenty (2016: 13.3%). However, supported this development speed of the auto industry, it's difficult to deliver on this promise.
Energy conservation and emission reduction is that the only way for China’s automotive industry to travel forward. “According to the green development targets and requirements proposed within the Mid- and Long-term Development Plan for Automotive Industry, the industry are going to be that specialize in light-weighting, fuel consumption reduction and therefore the development of recent energy vehicles (NEVs),” said Xu Changming, Deputy Director of State Information Center and Senior Economist.

“Traditional vehicles will still hold an absolute major share in China’s automotive market before 2030,” said Xu, “therefore, low carbonization is that the inevitable trend for future vehicles.” In Xu’s view, there are three main ways to fulfill the stricter limit on fuel consumption: light-weighting, miniaturization and
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