"Innovation iteration+cross-border integration+international cooperation" China’s new energy automobile industry has a strong overseas investment momentum
CCTV News:The three-day 2024 World New Energy Vehicle Conference closed in Haikou, Hainan on September 29th. The relevant person in charge of the Ministry of Commerce said that from a new historical starting point, China should devote itself to accelerating international cooperation in the industrial chain and supply chain of new energy vehicles.

According to the Ministry of Commerce, in recent years, the foreign trade scale of new energy vehicles in China has been expanding. 1-mdash in 2024; In July, China’s automobile exports climbed to 3.485 million, including more than 1 million new energy vehicles. At the same time, the internationalization of new energy vehicles in China has just started, and international cooperation should be strengthened.

Ling Ji, Vice Minister of Commerce, said that the Ministry of Commerce will, as always, uphold the attitude of openness and cooperation, jointly promote the international cooperation of new energy vehicles, and jointly safeguard the security and stability of the international industrial chain and supply chain.

In addition to the continuous expansion of trade scale, the overseas investment momentum of China’s new energy automobile industry is also increasingly strong. The data shows that in 2023, the foreign direct investment of China’s automobile manufacturing industry was 5.59 billion US dollars. 1-mdash in 2024; In August, this figure has reached $2.64 billion, a year-on-year increase of 50.8%. In the future, the Ministry of Commerce will continue to actively promote the integrated development of foreign trade and foreign investment, and vigorously support the rational and orderly international layout of new energy automobile enterprises in China.
People in the industry are generally optimistic about achieving the goal.
At the first World New Energy Vehicle Conference in 2019, it was proposed that the global market share of new energy vehicles should reach 50% by 2035. At the conference in 2024, the reporter also interviewed many people in the industry, and they were generally optimistic about the realization of this goal.

This person from the British Embassy in China said that he is very optimistic about the goal of 2035 proposed by the conference.

Wei Shanda, Counsellor of Climate Change, Energy, Environment and International Development of the British Embassy in China, said that they hope to realize the overall plan of zero emission of automobiles. In order to achieve this goal, technological innovation and close cooperation between governments are needed.

The participant in the United States also said that the electrification transformation of the global automobile industry needs to strengthen cooperation between countries.

John Baesel, President and CEO of California Clean Transportation Technology and Solutions International Organization, said that he believes that it depends more on the macro-level promotion between governments than on the cooperation between industries in various countries.

The president of the German Automobile Industry Association said that at present, there are more than 1.5 billion fuel vehicles in the world. Countries around the world need to further develop technology and strive to achieve zero carbon dioxide emission of vehicles.

Muller, president of the German Automobile Industry Association, said that they are convinced that electric transportation is the main focus of rapid development. She hopes that all countries will set common standards to promote the development of the global market in an environment without tariffs and barriers.

The relevant person in charge of the International Clean Transportation Committee said that at least two-thirds of the global automobile market is actively improving the penetration rate of new energy vehicles, and strive to achieve the goal of 50% market sales by 2035.

Rui Miarez, director of the heavy vehicle project of the International Clean Transportation Committee, said that in addition to the mainstream new energy vehicle market, other emerging new energy vehicle markets have great growth potential.
Achieving 50% of the target technological innovation iteration is the key.
It is understood that in addition to strengthening global cooperation, as far as automobile products are concerned, continuous technological innovation and iterative progress to solve the pain points of consumers are an important factor in achieving the goal of 50% global market share by 2035.

The relevant person in charge of this independent automobile brand introduced that they have already invested heavily in power batteries, chips, intelligent cockpits, satellite communications, etc. The displayed short knife battery can withstand the simultaneous acupuncture test of eight needles.

According to the China Society of Automotive Engineering, it is the continuous technological progress of independent new energy automobile brands in China that makes the products continuously enhance their competitiveness and drive the development of the global market.

Hou Fushen, secretary-general of China Automotive Engineering Society, said that in the first eight months of 2024, the global sales of new energy vehicles had exceeded 10 million, up 20% year-on-year, and the market share had also increased to 18%. Once the market share breaks through the key turning point of 10%, it will enter a new stage of accelerating the popularization of new energy vehicles.