Having surged to the forefront of the global new energy vehicle (NEV) market with their outstanding performance, Chinese automakers are exploring strategies to gain an advantage over their competitors in the more challenging latter phase of the market race, which is increasingly driven by intelligent development and artificial intelligence.
One of the latest efforts in this push is the 2024 World Intelligent Connected Vehicles Conference (WICV), held from Oct. 17 to 19 in Beijing.
The WICV attracted over 250 auto firms and institutions from home and abroad, with more than 200 new technologies and products making their debut.
“Intelligent connected vehicles (ICVs) have become a focus of industry innovation, and Chinese automobiles are accelerating into a new stage with intelligence as their core competitiveness,” said Li Shufu, chairman of Geely Holding Group, at the event.
Seizing the opportunities presented by intelligent technology and promoting China’s transformation into an automotive powerhouse is a challenge the entire Chinese auto industry must address, he added. Like many of China’s leading car companies, Geely has made significant strides in intelligent innovation, driving advancements in areas such as automobile safety, human-machine interaction, intelligent driving, onboard chips and low-orbit satellites. The company is also committed to creating an integrated space-ground smart network.
According to Zhu Huarong, chairman of Chongqing Changan Automobile Co., Ltd, China’s ICVs saw rapid growth this year, with sales projected to reach 17 million and a penetration rate surpassing 63 percent.
Stefan Mecha, CEO of the Volkswagen China Passenger Cars Brand, said that China actively fosters innovation opportunities through consistent government plans for ICV and NEV development, a tech-savvy consumer base, and an openness to technology within an advanced tech ecosystem.
A comprehensive industrial system for China’s ICV sector has basically taken shape, covering products and technologies such as basic chips, sensors, computing platforms and chassis control, Minister of Industry and Information Technology Jin Zhuanglong said Thursday during the opening ceremony of WICV.—Xinhua
