Win-win cooperation has become a new model for the development of Chinese and foreign automobile companies, which is well recognized by attendees at the ongoing 2024 Beijing International Automotive Exhibition.
The exhibition, China's largest auto show, began in Beijing on Thursday, and will last until May 4.
Saturday marked the professional audience day of the auto show. Many overseas visitors, including parts manufacturers, came to the exhibition on the day. They noted that China's new energy vehicle (NEV) market is developing rapidly, and has a complete industrial chain, which has attracted them to actively meet Chinese partners and look for business opportunities.
A visitor from Morocco went to many exhibition booths of Chinese NEV makers to communicate and exchange business cards. He said that he wanted to be an overseas agent for China-made NEVs.
"We are seeing what kind of cooperation we can develop with those car (makers). We are impressed by the quality and technology, very inspiring. We are looking for partners for a lot of business," he said.
In recent years, China's NEV market has continued to show a strong growth momentum. The latest data shows that in the first quarter of this year, 2.115 million NEVs were produced, and 2.09 million were sold across China, a year-on-year increase of 28.2 percent and 31.8 percent respectively.
BYD, one of China's leading NEV brands, sold a total of 3.02 million NEVs in 2023, once again retaining the global championship. In the first quarter of this year, BYD sold more than 620,000 NEVs, a year-on-year increase of 13.44 percent.
"China's automobile manufacturing industry has highly integrated the upstream and downstream industrial chains and has world-class automobile manufacturing capabilities," said He Zhiqi, senior vice president of BYD.
Chinese, foreign automakers highlight win-win cooperation
The third Global Trade and Investment Promotion Summit was held in Beijing on Monday, with representatives calling on the international business community to make concerted efforts to fast-track global economic recovery.
Highlighting mutual trust and cooperation, the focus of the event is "smoothing the supply chain for win-win," with more than 300 attendees from across the world, including heads of chambers of commerce, business associations and trade promotion facilities, as well as high-level representatives from Tesla, Walmart and other Fortune Global 500 companies.
As a high-level platform for interactions among business communities from different countries, the summit aims to jointly address global issues, nurture new growth points for international economic cooperation and reform the global economic governance system.
Delivering a speech at the opening ceremony, Chinese Vice President Han Zheng said China will continue to work with the rest of the international community, amid all the global uncertainty, to strengthen openness and exchanges, promote free trade and stimulate growth drivers for digital and green development.
The summit was organized by the China Council for the Promotion of International Trade (CCPIT). Representatives from both trade and investment promotion agencies and business communities reached a series of consensus following extensive discussions.
"China is willing to share the opportunities of development with the global community. We welcome the business sectors of more and more countries to work together to build a stable global supply and industrial chain, and give full play to the further development of the green economy," said Ren Hongbin, the CCPIT chairman.
The summit also includes parallel forums focusing on smoothening supply chains, promoting exchanges between the United States and China on turning the "San Francisco Vision" into reality, and the artificial intelligence (AI) industry, among other issues.
The forum attendees spoke highly of China's contribution to the global market and its efforts to share the development opportunities with other countries.
"China is already integrated very closely into the global manufacturing supply chain. It provides a lot of inputs. And at the same time, China is also a very very big market, [as] 18 percent of the GDP, the global GDP, is China. Therefore, China has a very important role both as a part of the manufacturing chain and also as a part of the global market," said Osamu Onodera, vice chairman of the Japanese Chamber of Commerce and Industry in China
"[For] Italian companies, they focus on Chinese partners to promote the digital trade of the quality of their products. So this is one of the key elements to cooperate between Italian companies and the Chinese market," said Lorenzo Riccardi, chairman of China-Italy Chamber of Commerce.
The summit launched the Beijing Initiative, calling on accelerating world economic recovery through the WTO-centered multilateral trading system and maintaining the stability and smooth flow of industrial and supply chains through strengthening industrial specialization and collaboration.
The initiative also proposed to advance AI exchanges and cooperation in embracing the transformative force of AI, foster green and low-carbon development, and nurture mutually-beneficial and win-win business partnerships.
Global Trade, Investment Promotion Summit 2024 held in Beijing
