The 19th National Congress of the Communist Party of China (CPC) concluded on October 24. What's influence will this national congress post on the development of the auto industry? NewsTurbo editor Sunway has her own opinions.
Editorial Review
For the auto industry, the new development trend can be interpreted as the further integration of the internet, big data, and artificial intelligence, as well as the lucrative NEV market, eco-friendly operations, and the shift from the manufacturing and sales of vehicles to the supply of mobility solutions. Meanwhile, automakers should take a prudential stance towards the production expansion of petrol vehicles, while taking measures, such as efficient management and lean production, to control costs, which will rise due to environmental protection expenditures.