2004 Beijing International Automobile Summit was a complete success

The "2004 Beijing International Automobile Summit" preceded by "Beijing International Automobile Exhibition" was held in Beijing on June 8th. The conference was organized by the China Automobile Engineering Society, China Association of Automobile Manufacturers, China Economic Times and Japan's "Nikkei Business" magazine. And other units co-sponsored. The first two “International Automobile Summits” were held in Tokyo, Japan. The first time this year, the summit was held in China. Many Chinese and Japanese media have done on-site tracking and reporting. The summit brought together the world's automobile giants and authoritative figures. The meeting invited domestic policy officials and high-level leaders from world-famous auto manufacturers such as China, Japan, the United States, and Europe to attend the event. The French symbol Citroen, Volkswagen, U.S. General Motors, and Japan Honda CEOs of Nissan, Nissan, FAW, Shanghai Volkswagen, Beijing Automotive, and Changan Automobile attended the event. More than 300 international auto parts companies CEOs and COOs were present. Senior officials from the Ministry of Commerce, the National Development and Reform Commission, and the China Banking Regulatory Commission and other national automobile industry authorities attended the meeting. Everyone's topic focused on various sensitive topics in the automotive industry in China, such as automotive investment, automotive finance, and marketing models, and fully explored issues such as the healthy development of the Chinese automobile industry. The summit highlighted five highlights: 1. The newly promulgated “Automobile Industry Policy” has become a topic of this summit because it may be related to the formulation and implementation of the new policy implementation rules. Lu Zhi, deputy director of the State Council Development Research Center Qiang Chung, Hu Chunli, Deputy Director of the Institute of Industrial Policy of the National Development and Reform Commission, and Yu Jianhua, Deputy Director of the Department of WTO of the Ministry of Commerce, interpreted and evaluated the newly promulgated “Automobile Industry Policy” for representatives of many domestic and foreign automobile companies attending the meeting. The new policy will play two objective roles: First, the barriers to entry will be greatly increased, which will inevitably inhibit the current overheating of auto investment. It will be difficult for medium and small capital to enter this industry again. The stark contrast of this objectivity of small capitals is the promotion of the formation of large enterprise groups. The second is to make China's auto market more open, foreign capital mergers and acquisitions of domestic auto companies and self-built marketing system more convenient. Yu Jianhua pointed out that with the WTO's commitment to implement it step by step, domestic trade policies have been liberalized step by step, resulting in six outcomes or characteristics of the Chinese auto industry under open conditions: First, positive progress has been made in industrial restructuring, FAW, and SAIC Motor. The second group is the leading role of the three major groups of the Second Automobile Group; the second is the increase in automobile production and efficiency; the third is the rapid increase in the import of parts and components; the fourth is the gradual increase in the domestic market share of imported vehicles; the fifth is the rapid growth in investment; Exports are also increasing. How to deal with the elimination of import license quotas in 2005 and the reduction of automobile tariffs to 25% in 2006, which may have a negative impact on the domestic auto market, can take corresponding measures in accordance with the four principles: compliance with WTO regulations and procedures; Foreign trade policies and automobile industry policies are in line with China's actual conditions; they are in line with the common practices of other WTO countries. 2. Domestic leading auto groups have expressed their opinions and listed the Group's guidance. The deputy general manager of Ande Wu, who is in charge of sales of the First Automobile Group, representing the country’s largest auto company, mentioned the marketing concept of “First Automobile, First Partner” in his speech. Xu Heyi, vice chairman of Beijing Automotive Industry Holding Co., Ltd., a domestic second-group company, and Yin Jiaxu, chairman of Chang'an Auto Group, each held their own views on the subject of “industry overheating”: Xu Heyi believes that the auto industry is “overheated and not overheated”. From the perspective of planning and actual conditions, China's auto industry is still at a stage of development, and it is far from the foreign auto industry. “Now is 'micro hot', the government should increase regulation and management, guide the concentration of large enterprises, and support large enterprises 'to grow'.” And Yin Jiaxu, who has been advocating independent research and development, said that overheating is caused by market demand, and now The industry is hot and cold. "No bubble is not beer. It's all foam, not beer." However, he believes that it is more worrying than investment overheating that most of the investment goes to the production and manufacturing sectors, and there is not much investment in technology research and development. The latter is the lifeblood of independent brands' long-term survival and development. 3. The major multinational corporations have openly promoted their strategy of entering the Chinese market and displayed their latest products and technologies in front of everyone. Shih Jun, president of Nissan Motor Asia-Pacific, said that China's auto market is developing rapidly and new models emerge in an endless stream. In 2003, 36 new cars appeared in China, which means that an average of 10 new cars was born in China in 2004. The speed of increase is still accelerating. In response to the rapid growth in the Chinese market, Nissan plans to triple its production capacity of commercial vehicles and passenger vehicles in China by 2007. Jean Martin Fuertz, chairman of the PSA Peugeot Citroën Group, Europe’s second-largest automaker, made public his strategy to enter China in his speech. He believes that Peugeot Citroën Group's two distinctly different strong brands, Peugeot and Citroen, are both competitive and complementary. In the Chinese market, the PSA Peugeot Citroen will launch 26 new models in the next three years. Alternate launch of new models of the two brands will enable the Group to provide users with more varieties. He revealed that the PSA Peugeot Citroen Group will take the "Peugeot 206" and Xsara, which are extremely popular in Europe, to China in the next year. 4. In this summit, information technology is the prophecy of the "DNA" of the automotive industry and it has caused great concern. At the summit, relevant experts predicted that information technology is the "DNA" of the automotive industry. It can provide an efficiency for the automotive industry and enable auto companies to open up the global market. Deron Fordford, a representative of Apirm Consulting, told reporters that information technology can provide a competitive advantage for the automotive industry, but it does not have a competitive advantage, and only companies apply it to the process as an innovative strategy. Only when the best industry practices are carried out can we concentrate our advantages. The really huge costs should include relatively high manufacturing costs, transportation costs, quality assurance costs, product development costs, and sales and management costs. What the automotive companies need to do at the moment is to use information technology to reduce the overall cost of the industry. 5. The development trend of auto parts market and auto related market is also becoming a hot topic. At the summit, Denso, Dr. and Delphi hoped to bring the advanced, solid and aggressive brand marketing concept of International Automotive in the past century to China, and put forward preparedness suggestions for the launch of China’s post-automotive economic market, including the investment promotion of the Chinese government. The focus shifts from vehicle manufacturing to automobile matching industries focusing on the production of auto parts, vehicle maintenance, and vehicle maintenance. Whether domestic relatively small automakers may consider joint ventures with internationally renowned auto parts companies to occupy huge business opportunities In the “post-car economy” market, Chinese automobile accessory enterprises should improve their own quality as soon as possible, get rid of the status quo of “scattered and untidy”, and through joint ventures and cooperation with “post-car giants”, accelerate the general consumption level of China’s automobile industry ( (China) Financial Services Department Responsibility Mr. Widman believes that China's credit system is still incomplete, especially the lack of a credit database. The effective management of automobile pricing, interest rates, and interest is the basic requirement for the development of auto finance. Whether the auto finance business can succeed depends on whether the government and the parties can provide a good foundation. In these aspects, there are still deficiencies in the relevant government departments in China. In addition, the vehicle management system and the automobile price mechanism all need improvement. Although faced with various difficulties, the outlook for auto finance is optimistic.

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