Intelligent Manufacturing at Canton Fair 2022: New Energy Vehicles in the Spotlight of China's Innovation as Penetration Hits Record Highs

Overseas buyers have expressed their amazement that China's auto industry has become as good as some centuries-old established markets in just a few decades. The core components of NEV, such as power batteries, drive motors, and electronic control systems, are all emerging products. The concerted efforts of the Chinese government and companies have given themselves a pole position on NEV market competition. Overseas buyers have expressed their amazement thatChina'sauto industry has become...

Overseas buyers have expressed their amazement that China's auto industry has become as good as some centuries-old established markets in just a few decades. The core components of NEV, such as power batteries, drive motors, and electronic control systems, are all emerging products. The concerted efforts of the Chinese government and companies have given themselves a pole position on NEV market competition.

The rapid growth of China's NEV industry is clear in the scale and focus of the displays. At the 130^th Canton Fair, nearly 20 NEV exhibitors brought 186 products, including cars, trucks, sightseeing vehicles, buses, vans, and accessories & components of NEVs. The exhibition section was under the spotlight with new technologies capturing much attention. Premier Li Keqiang inspected the exhibition halls and remarked that China is the largest market for traditional vehicles and NEVs. He encouraged companies to seize opportunities, rise to market competition, follow business rules, and invest more in R&D, thus leading an innovative and sustainable NEV industry.

For consumers, NEVs bring a new mode of transportation. China is a leader in NEVs with advantages in battery charging/switching stations, 5G communications, and mega markets. These merits will facilitate national NEV industrial advancement. According to Alan Liu, Deputy Director General of Foreign Affairs Office of Canton Fair, As "Belt and Road Initiative (BRI) countries are investing in infrastructure, and the Regional Comprehensive Economic Partnership (RCEP) is boosting export volumes, it's a perfect time to overtake the competitors. At the 131^st Canton Fair, we will encourage NEV exhibitors to self-innovate and deliver a more enjoyable, convenient, and smart driving experience to customers at home and abroad.

Visit https://www.cantonfair.org.cn/en-US/register/index#/foreign-email  for more opportunities.