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24 – 27.11.2021, National Exhibition and Convention Center (Shanghai), China |
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How does China’s 14th Five Year Plan pave the way for automotive industry development?
The 14th Five Year Plan (FYP) – a blueprint for the next stage in China's economic strategy. But what is it, could it support global recovery and how will it benefit the automotive industry? In the year leading up to the 17th edition of Automechanika Shanghai, from 24 to 27 November 2021, players can explore ways to leverage the long-term potential outlined by this policy in the automotive ecosystem. The show expects to welcome 3,900 exhibitors, as well as numerous onsite and onsite visitors. |
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What does the 14th FYP mean to the global automotive industry?
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The 14th FYP from 2021 to 2025 provides an outline for China's socio-economic development. The plan highlights a number of sectors, one being the automotive industry, that have strong opportunities to contribute to the growth and development of the country's future. It champions the implementation of new business models, sustainable solutions, and technological advancements. Industry players can also take advantage of China’s extensive consumer base and export activities.
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What are the key trends and opportunities ahead?
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· China’s economy is expected to sustain an average growth of 4% over the next five years, reinforced by its robust domestic consumer base.
· The country will continue to build a stable and self-sufficient supply chain that accommodates its domestic market and export activities. This includes auto parts, car systems, electronics, and more for both the passenger and commercial segments.
· The automotive industry is also entering a critical period of transformation and upgrade. There will be a rapid development of intelligent and connected vehicles expedited through the support of government policies and improvements to infrastructure.
· New energy vehicle market shares will increase significantly across the nation, with sales accounting for 20% of new car purchases by 2025.
Source: KPMG China Report, February 2021 |
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How does Automechanika Shanghai play a part?
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Seven sectors and three specialised zones will focus on innovation, environmental protection and industrial upgrade.
• Tomorrow’s Service & Mobility promotes transformational initiatives like the Four Modernisations that fuel the development of connected mobility and new infrastructure for the commercial and private vehicle segments. In addition, the new Auto Tech Club is set to attract more decision makers from research and development, as well as technical engineers from carmakers and parts manufacturers.
• Diagnostics & Repair / Body & Paint will expose the latest products and tools for the maintenance of new energy vehicles and environmentally-sustainable solutions.
• The Services & Supply Chain zone reflects the industry’s shift towards an end-user approach through a holistic focus on supply chains and e-commerce. The area will host chain stores and used-car service providers, as well as specialists in e-commerce, data management, insurance and finance.
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