Chinese auto companies have jointly launched a "breakthrough" transparent supply chain ecosystem in to promote high-quality development of the automobile industry.
The Transparent Supply Chain Ecosystm-Auto (TSCE-Auto) was initiated by 18 major carmakers and more than 100 auto parts manufacturers at the 32nd China Society of Automotive Engineers Conference and Expo, which ran from Wednesday to Friday in southwest China's Chongqing Municipality.
The system was launched to create a unified data standard system for the auto industry supply chain, which has meant establishing data standards and interconnection systems covering the entire industry chain. It will also create a secure and reliable supply chain data space and build application demonstration scenarios.
Officials from the China Society of Automotive Engineers emphasized that the platform is the first open and collaborative data ecosystem built in the automotive industry, capable of realizing data interconnection, trusted information interaction, and flexible resource allocation in the automotive industry chain.
The system will be built based on data centers and a physical computer room will be established in Shanghai International Automobile City, a major automotive hub in east China.
"The entire system is a complete breakthrough and innovation, with no precedent to refer to. With this new system, we will make better use of the infrastructure capabilities of data resources. More importantly, we will improve the ability in data governance and data applications. We hope that this system will empower the development of the entire industry," said Pan Xiaohong, general manager of Shanghai International Automobile City.
Auto parts manufacturers said transparent supply chain data can help companies optimize inventory and ensure stable product quality.
"A transparent supply chain can significantly help us optimize inventory and logistics. Currently, sales of individual vehicle models fluctuate significantly, by around 30 percent per month. Despite this rapid and significant fluctuation, the auto seats sector has achieved the goal of halving its inventory cycle [with the transparent data system]," said Wang Jimin, manager of an auto set company in Ningbo City of east China's Zhejiang Province.
Chinese auto companies launch unprecedented platform for supply chain transparency
Chinese Vice Premier Ding Xuexiang called for enhanced bilateral cooperation and friendship with Singapore when he met with Singaporean Deputy Prime Minister Gan Kim Yong in southwest China's Chongqing Municipality on Monday.
Ding, who is also a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, said that the long-term and stable development of China-Singapore relations has benefited from the strategic guidance of the leaders of both countries, who have upheld the correct political direction.
The two sides should continue to enhance mutual trust, respect each other's core interests, and ensure the steady and sustained progress of their friendly relations and mutually beneficial cooperation, he said.
Gan said that Singapore highly values its relations with China, firmly upholds the one-China principle, opposes the secessionist forces in Taiwan, and is willing to maintain close exchanges with China at all levels to promote greater development of bilateral relations.
Ding and Gan co-chaired four China-Singapore mechanism meetings on bilateral cooperation, namely, the 21st meeting of the China-Singapore Joint Council for Bilateral Cooperation, the 26th meeting of the China-Singapore Suzhou Industrial Park Joint Steering Council, the 17th meeting of the China-Singapore Tianjin Eco-City Joint Steering Council, and the ninth meeting of the China-Singapore (Chongqing) Demonstration Initiative on Strategic Connectivity Joint Steering Council.
They comprehensively reviewed and summarized the progress of practical cooperation between the two countries, clarifying the direction and priorities for cooperation in the next stage.
Both sides agreed to deepen the alignment of development plans, promote the upgrading of major projects, cultivate and strengthen new quality productive forces, jointly safeguard the multilateral trading system, and better promote the development of both countries and the prosperity and stability of the region.
Following the meetings, Ding and Gan witnessed together the exhibition of achievements in China-Singapore cooperation, and attended the launching ceremony of two freight trains under the China-Singapore Multi-modal Demonstration Project. They also visited the comprehensive exhibition hall of China-Singapore interconnectivity projects and Chongqing digital city operation and governance center.
At the invitation of Ding, Gan is on a visit to China from December 15 to 16.
Chinese vice premier calls for enhanced cooperation with Singapore
