Market Insight and Research and Judgement：Stabilizing the Auto Consumption and the New Opportunities for the Development of Passenger Vehicle Market

Background:

In 2019, the sales of passenger vehicles in China reached 21.44 million units, a decrease of 9.6% comparing with that of prior year. In 2020, affected by factors such as the continued decline of macroeconomic growth and the epidemic at the beginning of the year, the auto industry is facing greater downward pressure. At the same time, China's auto consuming market is in a period of adjustment, the automobile consumers are getting younger, the auto consuming concept shows the new trend, and the auto consuming demand and consumption structure are constantly upgrading. Facing the opportunities and challenges from the structural adjustment in the passenger vehicle market, automobile-related enterprises need to accurately learn the market conditions, grasp the development trends of various market segments, optimize product layouts, and comprehensively enhance product competitiveness. Therefore, it is of great significance to conduct in-depth discussions on how to better stabilize automobile consumption, adapt to new changes in consumption, and explore the market potentials

Host: Huang Yonghe, Senior Chief Expert, Director of Center for Automotive Strategy and Policy Research, China Automotive Technology and Research Center Co., Ltd.

Speaker:

Wang Qing，Deputy Director-general, Institute of Market Economy, DRC

Dong Chao, Director General, Circulation and Consuming Research Institute, Chinese Academy of International Trade and Economic Cooperation, Ministry of Commerce 

Dong Xiuhui, Vice President (Commercial) of FAW-VW AUTOMOTIVE CO., LTD.,

Secretary of CPC and President of FAW-VW Sales Company

Song Jun, General Manager of Geely Brand Sales Company, Geely Auto Group

Han Dehong, Vice General Manager of the Sales Company, SAIC GM Wuling Automobile Co., Ltd.