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The automotive industry is currently facing unprecedented changes not seen in a century. Auto parts companies should adapt to global political and economic changes, and the demand for technological advancements, by planning for the transformation and upgrading of their enterprises. At the same time, auto parts companies should also implement a series of management changes to support their successful transformation. In recent years, new energy vehicles have seen rapid development globally, with especially swift progress in China. T car factory, representing new forces, advocates for the "3C" approach in automotive development, focusing on low cost and fast response, which has become one of the trends in the auto parts industry. The global auto parts supply system is expected to be reshaped. The demand for automotive intelligence is increasing. Due to the automotive market's requirements for high-tech applications, cars will increasingly lean towards intelligent applications such as car networking, front-end entertainment modules, and intelligent driving. These intelligent features will impose higher technical requirements on parts and components manufacturers. The lightweighting of parts and components is also on the rise. Due to ongoing concerns about environmental issues, the parts industry will focus on reducing car body weight through the modular application of new materials. Lightweight, clean, and environmentally friendly technology will become the future direction of industrial development. The industry chain's direction will diversify. The components industry chain will lengthen, starting from more subdivided first-class components and gradually focusing on body parts, doors, seats, audio systems, and other local areas. A comprehensive supplier resource model must be developed to adapt to future market development trends. #Lightweight #LightweightAsia2024 #automotivemarket To learn more about the market trends, stay tuned to Lightweight Asia 2024 Date: 03-05 July 2024 Venue: Shanghai New International Expo Center  Learn more：https://lnkd.in/gid2RGSb

Swipe to dive into the latest market trends shaping the automotive industry. 👉Explore our website for more insights! #ALTENFinland #TomorrowsWorld #AutomotiveTrends

Automotive News reports key news from the ACT Expo. What do you think is the most interesting news? Let us know in the comments below.

The world’s probably 2 largest B2B automotive trade shows (AMF and IAA) are being organised on consecutive weeks. Giving a real headache to some companies as to where to exhibit and for others which one to visit. To be at both is a costly excerise. We’re in a fortunate (geographical) position to be relatively close to both locations and therefore we can drive to both shows easily to wlk them. But it’s not the case for many people across Europe who have to make a choice between the two whilst it’d make business sense for them to be at both. Is this a smart schedule from Hannover and Frankfurt? Is this a sustainable schedule? Could these shows be combined / share the same location? Not sure. The good news is: zsofia pioker will be at IAA for two days. If you’re there too, let’s meet! #automechanika2024 #IAAtransportation

Great discussion on the new entrants on today's Auto Retail Network #Live webinar with Victor Zhang from OMODA UK & JAECOO UK, demonstrating the changing landscape for the #UKAutomotive landscape.

Chinese brands on the Hannover stage As the world's largest commercial vehicle show, the 2024 Hannover Motor Show in Germany attracted 2,300 commercial vehicle manufacturers from around the world. Among them, Chinese exhibitors are the largest group of international exhibitors at this exhibition, with more than 460, which has doubled from 2022. SAIC MAXUS is already a familiar customer of Hannover. On September 16, SAIC MAXUS made its debut at the Hannover Motor Show and announced the global launch of the medium-to-large pure electric four-wheel drive pickup truck eTerron 9 built on the Interstellar GST platform. This is the world's first medium-to-large Chinese brand pure electric pickup truck exported overseas. Six years ago, SAIC MAXUS landed at the Hannover Motor Show for the first time, bringing the new EV80, becoming the first truly original light pure electric wide-body light passenger car in Europe. At the Hannover Motor Show two years ago, SAIC MAXUS brought the T90 EV. It is the first mass-produced pure electric pickup truck in Europe and the first pure electric pickup truck of a Chinese brand to land in the European market, achieving a zero breakthrough for Chinese brands in the European pure electric pickup truck market. This time, SAIC MAXUS, which arrived in Hannover for the third time, opened a new journey for Chinese new energy pickup trucks to land in Germany, plant flags in Europe, and lead the world with the pure electric pickup truck eTerron 9. From its establishment in 2011 to 2023, SAIC MAXUS has achieved 12 consecutive years of positive growth in single-brand sales, with a compound growth rate of 68%. However, more important than these eye-catching data is that SAIC MAXUS has slowly tempered itself into a shining global Chinese brand business card in 13 years. This is obviously more difficult to do than simply increasing sales and market share. The reason why SAIC MAXUS can be one step ahead and see the scenery that other brands have not seen is because of its strategic vision of preparing for a rainy day-firmly taking the road of globalization. #Connectors #Terminals #automobile #wiringharness #componentsdistribution

CECRA present in Las Vegas for the National Automobile Dealers Association (NADA) show on invitation of our friends Mike Stanton, Geoffrey Pohanka, Michael T. Regan and Albert Gallegos. We organized for our members a visit of Findlay Chevrolet (35 dealerships in US) and listened to the great presentation of the General Manager Doug Fleming. A very large delegation of our Finish member AKL Autoalan Keskusliitto with CEO Tero Lausala participated to this visit. Also the international roundtable organized by NADA, the industry luncheon, the Expo, the main stage speakers and the workshops were good opportunities to compare the situation of our European dealers and repairers with those of their colleagues of the rest of the world. More than three-fourths of dealership groups leaders who answered a study (made by Presidio group, an investment banking advisory company) showed interest in buying stores in the next 12 months despite their overwhelming expectation for lower profits during that same period. The same study in Europe would certainly give other results and ICDP presentation was clear about uncertainties in Europe due to the bad implementation of agency contracts, all remaining questions about the decision to ban combustion engines as from 2035 and the wish to promote EVs, and the massive arrival of very competitive Chinese cars. What happens in Europe can also happen elsewhere but needless to say that the situation in US is much more confortable for dealers than in Europe.

I couldn’t fail to mention that today is National Manufacturing Day  🏭 This industry closely intersects with the automotive sector. I think that it’s even foundational to the automotive domain, crafting the tools and equipment essential for the development of trendy, reliable, eco-friendly, and tech-driven vehicles we all enjoy so much 🚗  The thing that tightly unites the two industries is that they’re not only about hefty equipment and machinery but have software solutions at the heart of their operations. Visiting major exhibitions like Automechanika Frankfurt and IAA TRANSPORTATION were the best conformation of this. I’m eager to see where our industries will be going in 2025!💡🔧 #NationalManufacturingDay #ManufacturingIndustry #ManufacturingInnovation #SmartManufacturing #Industry4_0

🎙️ Meet Andrew Koblenz, Executive Vice-President at National Automobile Dealers Association (NADA), an American trade organization founded in 1917, representing more than 16,000 franchised new car and truck dealerships, both domestic and foreign. NADA also monitors federal legislation and regulation affecting dealerships, and publishes forecasts and reports about industry trends. 👋 Join Ludwig Hervé for the 4th episode in our #FinTalk series and find out how Andrew Koblenz and NADA are shaping the future of the automotive industry! #AutomotiveInnovation #AutoFinance #marketintelligence

🚗 Explore how technology is shaping Chinese automobiles in the blog "The Role of Technology in Modern Chinese Automobiles" at https://lnkd.in/dd8EA6a9 #ChineseAutos #InnovationDrive #TechTrends