The Second Automotive Market Seminar of Multinational Platform for Chinese Automotive Market was held on May 8, 2023 in Beijing. SIC’s Vice President Xu Changming and Zhu Baoliang, SIC’s former chief economist attended and delivered speeches, while Wu Jianjun, Director of Government Affairs of Stellantis made a remark. The seminar was hosted by Economic Consulting Center of SIC and organized by Stellantis. Li Weili, Deputy Director of Economic Consulting Center of SIC chaired the seminar. 

Xu Changming made an analysis and explanation on the current market situation. He said the auto sales remained negative growth from this January to April against the context of low base during the same period of previous year. The reasons included, on the one hand, there was a policy overdraft, on the other hand, the economic returns of micro market entities have not been fully recovered. In particular, joint venture brands were under greater pressure while price-cutting rivalry didn’t boost sales correspondingly. It is expected that the whole year will project a ‘low to high’ outlook with gradual economic recovery. As for the new energy vehicle market, he introduced the forecasting on annual sales and penetration rate, and also opportunities for enterprises of different categories. Xu pointed that relationship between traditional NEVs and emerging brands are changing with obvious advantages of traditional ones. Moreover, foreign NEVs need perseverance and patience for more opportunities. Finally, he propose suggestions to operational strategies of multinationals from the perspective of strategy planning and end operation.