Opportunities for the development of the automotive industry
With the global spread of the epidemic, the downward pressure on the automotive industry has become more significant. In the first quarter of this year, China’s domestic auto market sales fell 42% year-on-year. So, how does the new coronary pneumonia epidemic affect China’s auto industry? How does the auto industry turn crisis into opportunity? HONBbearing02
The current Chinese auto market is “cold winter”. This is because China’s domestic economy has entered an adjustment stage, from a high-speed development stage to a high-quality development stage. Economic adjustment means that the income of some industries and some people will be affected, so the market last year and the previous year were not very good. This year’s epidemic will have an impact on the overall economy, as well as the world. More people will fall in income, and it will have a greater impact on the Chinese auto market. What are the opportunities for China’s auto industry after the epidemic?
The current Chinese auto market is “cold winter”. This is because China’s domestic economy has entered an adjustment stage, from a high-speed development stage to a high-quality development stage. Economic adjustment means that the income of some industries and some people will be affected, so the market last year and the previous year were not very good. This year’s epidemic will have an impact on the overall economy, as well as the world. More people will fall in income, and it will have a greater impact on the Chinese auto market. What are the opportunities for China’s auto industry after the epidemic?
Opportunities outweigh challenges for China’s auto industry, and the process of China’s vigorous development towards an automobile power will not be interrupted, or even accelerated.
First, the Chinese auto industry has a huge domestic market space.
Second, China’s auto industry has the most complete auto industry chain.
Third, after the epidemic, the return of manufacturing in developed countries will not fundamentally harm the Chinese automobile industry.
Fourth, after the epidemic, there will be an adjustment in globalization, and there will be a partial process of counter-globalization, that is, the industry chain will gather in the region.
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