Car Industry Faces Globalization Strategy Shift

Experts highlight a pivotal moment for China's car industry as it rethinks its globalization strategy. Industry leaders emphasize the need to transition from exporting vehicles to establishing integrated overseas operations that span manufacturing, supply chains, after-sales services, and data management.

Shi Jianhua, vice-president of the China EV100 Research Institute, stated that the industry is at a critical juncture for its globalization strategy. He noted that overseas expansion is evolving from exporting individual products to coordinated development of a broader industrial ecosystem.

According to industry experts and executives, China's automotive industry must focus on building a comprehensive industrial ecosystem that includes research and development, manufacturing, services, finance, and infrastructure to support its global ambitions.