Challenges and opportunities for China's automotive industry

The transformation and upgrading of the global automotive industry is accelerating, and a new round of competition is taking place fiercely in the transition between the old and new tracks. In fact, not only the 212 that has returned to the market faces new challenges, but all car companies, whether foreign brands or joint ventures, whether traditional car companies or new car-making forces, are under tremendous pressure from competition without exception. While change brings new opportunities, it also brings new challenges. Companies face many challenges such as competition for market share, changes in policies and regulations, accelerated product iteration, changes in consumer demand, supply chain risks, brand marketing changes, core technology breakthroughs, sustainable development management, and the current vicious competition in internal circulation.