CHANGCHUN
\nThe 19th China Changchun International Auto Expo that kicked off on Friday in Changchun, capital of northeast China\u2019s Jilin Province, has attracted tens of thousands of automobile enthusiasts.
\nA total of 155 domestic and foreign automobile brands and 128 enterprises are vying for customers\u2019 attention with their latest models, technology and services. The expo opened at a time when China\u2019s automobile market is recovering from a COVID-induced slump earlier this year. It serves as a platform for automakers from home and abroad to seek new opportunities in the world\u2019s largest auto market.
\nThe 10-day auto expo, covering a total exhibition area of 200,000 square meters, has nine indoor exhibition halls and four outdoor exhibition areas.
\nAs of 10 a.m. Sunday, more than 26,000 consumers visited the auto show, according to its organizing committee.
\nFAW Toyota Motor Sales Co., Ltd. displayed 15 vehicles spanning 13 models at the expo. Xu Jianxin, a sales manager with the company, said that despite the impact of the epidemic, mid- and high-end models have seen steady growth in sales during the event.
\nThe FAW Audi booth has 21 models displayed at the expo, drawing widespread attention of car enthusiasts. Meanwhile, 20 car models have been put on display in the Mercedes-Benz exhibition area.
\nIn June, the joint venture of Mercedes-Benz and BAIC Group in Beijing saw the 4 millionth complete vehicle roll off the production line.
\nArno van der Merwe, president and CEO of Beijing Benz Automotive Co., Ltd. said the joint venture has learned from the advanced manufacturing system and technology of German factories and also fed back its own innovative technology and experience to the German factories.
\nSince the beginning of this year, global auto companies including Audi, BMW and Volkswagen have accelerated their expansion in China, launching a number of large new energy vehicle (NEV) and other projects.
\nThe Audi FAW NEV project, with an investment of over 30 billion yuan (about 4.44 billion U.S. dollars), broke ground on June 28 in Changchun. This is Audi\u2019s first production base specifically for purely electric vehicles in China and is expected to go into operation at the end of 2024, with a planned annual production capacity of 150,000 vehicles.
\nChina is the world\u2019s largest automobile market. In 2021, retail sales of automobiles and related products accounted for 9.9 percent of the country\u2019s retail sales of consumer goods.
\nIn June, a total of 2.5 million vehicles were sold, up 23.8 percent from a year earlier, according to the China Association of Automobile Manufacturers (CAAM).
\nThe automobile association expects steady growth for the entire year and has predicted annual vehicle sales to reach 27 million units, up 3 percent year on year.
\nJune\u2019s NEV sales hit a record high of 596,000 units, jumping 1.3 times from the same month of last year and accounting for 23.8 percent of the entire auto sales, CAAM data showed.
\nIn the NEV sector, Chinese brands have leaped to the forefront of the market and even outperformed joint venture enterprises in certain technical fields.
\nHan Zhuoxuan, a salesperson with China\u2019s leading NEV manufacturer BYD, deemed NEVs the new trend and fashion. \u201cConsumers are eager to learn more about and try out new NEV models.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
CHANGCHUN The 19th China Changchun International Auto Expo that kicked off on Friday in Changchun, capital of northeast China\u2019s Jilin Province, has attracted tens of thousands of automobile enthusiasts. A total of 155 domestic and foreign automobile brands and 128 enterprises are vying for customers\u2019 attention with their latest models, technology and services. The expo […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-271890","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"\n