{"id":23154,"date":"2023-11-06T11:44:00","date_gmt":"2023-11-06T11:44:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/4255215_AE55215_0"},"modified":"2023-11-06T11:44:00","modified_gmt":"2023-11-06T11:44:00","slug":"over-120-countries-and-regions-converge-in-shanghai-to-explore-automotive-market-opportunities-just-as-china-lifts-all-restrictions-on-foreign-investment-in-the-manufacturing-sector","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=23154","title":{"rendered":"Over 120 countries and regions converge in Shanghai to explore automotive market opportunities, just as China lifts all restrictions on foreign investment in the manufacturing sector"},"content":{"rendered":"\n

SHANGHAI<\/span><\/span>, Nov. 6, 2023<\/span><\/span> \/PRNewswire\/ — On 18 October, the Chinese Government announced that the country would remove all restrictions on foreign investment in the domestic manufacturing sector in the latest efforts to open up the economy to the rest of the world[1]<\/sup>. While levies were already lifted in passenger car manufacturing[2]<\/sup>, the decision supports other sectors of the automotive ecosystem, creating a favourable environment for foreign businesses to invest in digitalisation, high-tech manufacturing and innovation.<\/p>\n

As co-organisers of several automotive trade fairs in China<\/span>, Messe Frankfurt and Sinomachint welcome any policy update that encourages trade and economic globalisation. The companies’ next event, Automechanika Shanghai, will take place from 29 November to 2 December 2023<\/span> at the National Exhibition and Convention Center (Shanghai<\/span>). Over 5,600 exhibitors representing over 40 countries and regions<\/span> will converge across 300,000 sqm of space, with visitors travelling in from some 120 countries and regions.<\/p>\n

Related sectors that will benefit from the policy update include information technology, AI, semiconductors, electronics, parts and components, new energy and batteries, new materials, and vehicle assembly. It is a win for many of the participants at Automechanika Shanghai as themes and activities at the exhibition place an even bigger emphasis on these interconnected areas of the supply chain.<\/p>\n

In this sense, the change also supports the automotive industry’s transformation as it encourages greater collaboration in this energy transition and move towards electrification and connectivity.<\/p>\n

In the first three quarters of 2023, China’s<\/span> new energy vehicle market maintained strong momentum in both production (6.313 million units year-to-date total) and sales (6.278 million units year-to-date total) even <\/span>advancing technological capabilities at the same time. So far, these sales account for nearly 30 percent of the country’s new car purchases, while roughly 825,000 new energy vehicle units were exported overseas[3]<\/sup>. <\/p>\n

With this growing market, it is clear that many leading companies are innovating to meet new demands. Automechanika Shanghai will spotlight these developments by presenting a comprehensive range of products that bring together new energy vehicles, parts and components, fuel cells, intelligent driving, and charging infrastructure, amongst other products and technologies. <\/p>\n

For example, Bosch will present a full range of smart electric vehicle diagnostic products and car connectivity services; ZF will share more about their high-voltage training, new energy braking system and solutions for intelligent fleet management in new energy after-sales; Rheinmetall is set to bring a range of sensors and high voltage contactors; and, Jrone will showcase turbochargers suitable for passenger, commercial and off-road vehicles.<\/p>\n

Other prominent exhibitors in the Future Mobility<\/b> category include Horizon, MAXIEYE, REPT BATTERO Energy and Unity.<\/p>\n

In addition, key exhibitors specialising in Diagnostics & Repair \/ Body & Paint<\/b>, Accessories,<\/span> Customising<\/b>, Tyres & Wheels<\/b>, and Services & Supply Chain <\/b>comprise of ADVANCE, Amsoil, Biaobang Car Care, Bright, BOTNY, Carzone, CELETTE, COPTON, Corghi, Dali, Doublestar, EAE, Eagle-Fly, Enoch, Gaochang, Goodyear, ITW, JeKunAuto, Juncheng, Launch, Liqui Moly, MAXIMA, SATA, Sino-Italian Taida, SORL, Stellantis, Tech, THINKCAR, Tongrun, Total Energies, Welion, Winda BOTO, Zero Mileage Lubricant, and Zhongchuang, to name a few.<\/p>\n

Fringe programme
<\/b>Across the four-day show, over 70<\/span> globally recognised summits, conferences, forums and hands-on demonstrations prepare to explore policy, technological transformation, training and more. In this regard, the debuting International Automotive Industry Conference 2023 Presented by Automechanika Shanghai, will include a series of events that zero in on the developments and advancements within specific sectors:<\/p>\n

International Automotive Industry Conference 2023 Presented by Automechanika Shanghai (main conference \u2013 29 November)<\/b><\/p>\n

Moderator: Dr Qing Ding, Founding Partner of Shentou Capital
Participating companies: Bilstein, Bosch, Rheinmetall, Tieliu and more
Keynote speaker: Mr Sun Xiaohong, Secretary General of the Automobile Branch of the China<\/span> Chamber of Commerce for Imports and Exports of Machinery and Electronic Products<\/p>\n

Topics:<\/p>\n