The Beijing Auto Expo has emerged as a pivotal arena for automotive innovation, attracting participation from 1,500 entities worldwide. Organizers report that the event features 278 models of new energy vehicles (NEVs) and hosts 117 world premieres, with multinational corporations leading 30 of these debuts.
This year, German automotive leaders Volkswagen and BMW announced substantial investment expansions within China, each committing an additional five billion euros. These investments are earmarked for enhancing the production of electric and intelligent vehicles, underscoring a robust commitment to China’s burgeoning NEV market.
Premier Li Qiang, attending the expo, observed the consistent expansion of NEV markets globally and within China. He pointed out the untapped potential for further growth in market demand and emphasized the critical role of international cooperation in smart connected NEVs. According to Premier Li, the industry’s future is contingent upon collaborative efforts that merge distinct strengths across international borders.
Reaffirming China’s strategic objectives, Premier Li highlighted the nation’s initiative to foster a unified national market, increase openness, and promote the liberalization and facilitation of trade and investment.
| Premier Li Qiang
He also underscored Beijing’s intention to deepen exchanges between Chinese and foreign automakers, focusing on collaborative ventures spanning capital investment, technology, management, and human resources, aiming to forge a more integrated and innovative global automotive landscape.
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