China's automotive industry has won three "world firsts" in 70 years. BYD | Automotive | Global

Release time:Apr 14, 2024 06:10 AM

Changchun, July 16th (Xinhua) - On July 15th, China's automotive industry celebrated its 70th anniversary, and FAW also celebrated its 70th birthday on this day.

Data shows that China has been the world's largest automobile producer and seller for 14 consecutive years, and has remained the largest producer and seller of new energy vehicles for 8 consecutive years. In the first quarter of this year, China's automobile exports ranked first in the world. These three "global firsts" are hard-earned, indicating that China is steadily moving from an automotive powerhouse to an automotive powerhouse.

On July 15th, the delivery ceremony of the 55.77 million vehicles produced by FAW was held at the 70th anniversary celebration of the founding of FAW in China. Photo by Xinhua News Agency reporter Yan Linyun

In 70 years, Chinese automobiles have completed the transformation from "bringing in" to "going out". National brands such as Hongqi, BYD, and Chery are accelerating their overseas layout. "We need to break the outdated concept of 'cheap' Chinese brands," said Yang Dayong, Chairman of FAW Import and Export Co., Ltd. Hongqi has chosen developed regions abroad as its target market from the beginning and has opened up sales channels in 17 countries such as Saudi Arabia and Norway.

China's automotive industry has won three "world firsts" in 70 years. BYD | Automotive | Global

On July 15th, in front of the Red Flag Hall located in Changchun, Jilin, citizens watched the displayed Liberation Automobile. Photo by Xinhua News Agency reporter Yan Linyun

On July 13, 1956, after three years of preparation and trial production, the first domestically produced Jiefang brand truck was finally assembled and put into production, ending China's history of not being able to manufacture cars; On its 70th birthday, FAW in China welcomed its 55.77 million vehicles off the intelligent production line.

"We have broken through a batch of 'bottleneck' technologies and launched a batch of 'fist' products, taking solid steps towards technological self-reliance and self-improvement." At the commemorative event held at the China FAW Red Flag Hall on the same day, Qiu Xiandong, General Manager and Deputy Secretary of the Party Committee of FAW, sighed.

Independent innovation has become a key keyword for Chinese car companies. Wang Deping, Executive Vice President of FAW Research and Development Institute, said that in the past three years, we have broken through 494 key core technologies such as efficient high-speed electric drive, intelligent wire controlled chassis, and L3 level autonomous driving. "Our R&D personnel have grown from 2360 to over 4500, and the new car development cycle has been reduced from 48 months to 24 months."

On July 15th, citizens watched the exhibition of Red Flag cars in front of the Red Flag Hall in Changchun, Jilin. Photo by Xinhua News Agency reporter Yan Linyun

At the 20th China International Automobile Expo, which opened on the same day, independent brands such as Hongqi and BYD made their debut with multiple models of cars, equipped with high-tech and equipment that attracted the attention of consumers. Experts believe that in this round of new energy transformation opportunities in China's automotive industry, it not only brings new vitality to old industrial bases, but also gives birth to a group of new forces in car manufacturing.

According to data from the China Association of Automobile Manufacturers, from January to June 2023, the production and sales of new energy vehicles in China reached 3.788 million and 3.747 million respectively, with year-on-year growth of 42.4% and 44.1%. Changchun, Shiyan, Shanghai, Guangzhou and other important automobile industry towns are actively accelerating the transformation and upgrading of automobile industry clusters.

Liu Kexin, Senior Researcher at the Green and Low Carbon Research Department of the China Automotive Strategy and Policy Research Center of China Automotive Technology Research Center Co., Ltd., believes that the younger generation focuses on high aesthetics, technology, and personalization, and now prefers domestic brands.

Over the past 70 years, China's automotive industry has transformed from a "zero foundation" to a "leader" in its role.

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