BEIJING, April 28,
2024 /PRNewswire/ -- After a nearly-four-year hiatus,
the 2024 (18th) Beijing International Automotive Exhibition
(Beijing Auto Show) kicked off on Thursday. The event features more
than 1,500 exhibiting companies, 278 new-energy models, 117 world
premiere models, and 163 press conferences, demonstrating the new
development trends of China's
domestic and global automotive industry. It also showed to the
world in the most vivid manner why China's new-energy vehicle industry leads the
way and what it means to the world.
Visitors had to queue for more than 40 minutes before moving to
the main entrance of the exhibition hall. Many people lined up to
buy food at the exhibition restaurant. The exhibition halls of some
car companies were too crowded to enter. The "internet celebrity"
chiefs of major car companies personally went to the exhibition to
compete for popularity and marketing... These are all concrete
manifestations of the popularity of this year's Beijing Auto Show.
At this auto show in particular, China's domestic brands have become the
mainstay, and new-energy vehicles have taken center stage. People
are full of expectations for what new models and technologies
Chinese automakers will launch.
Many people noticed that there were obviously more foreigners at
this auto show, and the attitude of foreign car manufacturers has
also changed significantly. BMW, Mercedes-Benz, and Audi all
brought luxury exhibitor lineups and models. Executives from
multinational car companies not only came to promote their own
products, but also carefully studied the technology and design of
Chinese new-energy vehicles. A considerable number of overseas
dealers, suppliers, media and even car owners came to the
exhibition. A video of South Koreans observing Chinese new-energy
vehicles went viral on the internet. Chinese society has a very
open attitude toward this. Openness has always been the motto of
the Beijing Auto Show.
In the era of traditional fuel vehicles, China's automobile industry generally played
the role of catcher, but it has never abandoned its efforts to
develop independent brands and innovations. Relying on the
technological accumulation gained through years of exploration and
relying on China's huge modern
production capacity advantages, engineer dividends and domestic
market, Chinese car companies have gained a head start in the
historic opportunity of automobile transformation from fuel to new
energy. In 2023, China's
automobile exports surpassed Japan
for the first time and ranked first in the world. In the first
quarter of 2024, China exported
1.3 million vehicles, a year-on-year increase of 33.2 percent,
continuing this momentum.
The global automobile industry pattern had not undergone major
changes for many years, and the fundamental driving force for this
change is the technological revolution. There has been none of the
"overcapacity," "weakened demand" and "leaving China" at the Beijing Auto Show. What people
can see is people learning from each other's strengths to achieve
win-win cooperation.
Why is the Beijing Auto Show so popular? Because of the global
market demand, especially the high interest and enthusiasm for
technological breakthroughs in new-energy vehicles. According to
calculations by the International Energy Agency, in order to
achieve the goal of carbon neutrality, global sales of new-energy
vehicles need to reach approximately 45 million units by 2030, 4.5
times that of 2022. It shows that global demand is real and there
is no such thing as "overcapacity" at all. The green energy
revolution may stimulate a round of industry reshuffles, and market
competition is cruel, but it is by no means the kind of
life-and-death competition.
Chinese companies are not afraid of competition, but competition
must be fair and just. Chinese new-energy vehicle companies play
the role of industrial collaborators and healthy competitors, which
not only benefits consumers, but also benefits the vast number of
developing countries, thereby making up for the insufficient and
unbalanced global development of high-quality green production
capacity, and at the same time encouraging more traditional car
companies to invest more energy and resources into green
transformation. In this regard, the right approach for the world is
to work together to take advantage of the opportunities brought by
the development of green industries.
View original
content:https://www.prnewswire.com/news-releases/why-is-there-no-overcapacity-at-beijing-auto-show-global-times-editorial-302129366.html
SOURCE Global Times