Recently, a delegation of well-known European automotive dealers and industry partners visited our company for an inspection and exchange. They discussed in depth core issues such as the cooperation opportunities for Chinese electric vehicles to enter the European market, technological innovation, and the establishment of service systems. Both sides reached several consensuses on further expanding cooperation boundaries, optimizing supply chain collaboration, and adapting to European market demands, injecting new impetus into promoting the green transformation and mutual benefit of the automotive industries in China and Europe.
The delegation visited our company's new energy vehicle production base, research and development center, and testing laboratory successively. They conducted on-site inspections of the automated operation process of the intelligent production line, the core component research capabilities, and the product quality control system. During the product display session, the delegation focused on experiencing our company's electric passenger cars, new energy commercial vehicles, and the accompanying intelligent service system. They highly praised the vehicle's range, intelligent driving configuration, green and low-carbon attributes, and safety performance. Among them, the compact all-electric SUV and electric delivery vehicle tailored for the European market, with its design catering to local consumer demands, leading blade battery technology, and high cost-effectiveness, became the focus of discussion between the two sides.
At the symposium, the head of our company first warmly welcomed the delegation's visit and detailedly introduced the development trend of China's auto exports to the European market and our company's layout plan. In recent years, China's new energy vehicles have achieved a leap in sales in the European market thanks to their technological accumulation and supply chain advantages. In 2023, the market share of China's pure electric vehicles in the European market has increased to 4.5%, becoming an indispensable emerging force in the local automotive industry transformation. Our company, relying on a complete set of new energy vehicle industrial chain resources, has formed technical barriers in core areas such as batteries, motors, and electronic control, and gradually built a sales and service network covering major markets in Western and Northern Europe by adapting to European safety standards, carbon footprint requirements, and user habits.
The representatives of the European client delegation, based on the current situation of the local market, shared the consumption trends of new energy vehicles in Europe and the industry policy directions. With the advancement of the EU's "2035 ban on the sale of fuel vehicles" legislation, the demand for new energy vehicles in the European market has remained strong, especially for compact electric vehicles within the price range of 30,000 - 40,000 euros and zero-emission commercial vehicles, where the gap is significant. The delegation stated that Chinese automakers' advantages in new energy technology, cost control, and production capacity response capabilities are increasingly prominent. They have shifted from "exporting products" to "exporting ecosystems", bringing more choices to the European market. At the same time, the delegation also put forward cooperation demands regarding local adaptation of vehicle models, upgrading of after-sales services, and compliance with battery passports.
Both parties conducted in-depth discussions on the pain points and opportunities in cooperation, and reached several cooperation intentions: First, jointly promote the localization optimization of vehicle models, taking into account European road conditions, charging facilities, and consumption habits, to optimize vehicle range, intelligent interaction systems, and right-hand drive vehicle supply; Second, improve the service ecosystem collaboration, planning to jointly build a one-stop network covering warehousing, logistics, after-sales maintenance, and charging services, to enhance the European user experience; Third, explore in-depth cooperation in the supply chain, leveraging China's complete supply chain advantages in new energy vehicles and combining with local industrial resources in Europe to achieve dual optimization of costs and efficiency. In addition, both parties also exchanged strategies on addressing industry challenges such as carbon tariffs and technical standard barriers, unanimously believing that strengthening the collaborative innovation of Chinese and European enterprises is the key to breaking through development bottlenecks.
Our company's executive stated that Europe, as one of the core markets for the global automotive industry, is an important strategic pivot for Chinese automakers in their global expansion. This in-depth communication with European customers has further clarified the market demands and cooperation paths. In the future, our company will focus on technological innovation as the core and local services as the support, continuously deepen the collaboration with European partners, and upgrade from product output to comprehensive output of technology, services, and ecosystem, to help the automotive industries of China and Europe achieve mutual benefit and win-win results in the green transformation.
The representatives of the European delegation expressed their recognition of the outcomes of this exchange. They believe that the rapid development of Chinese automakers has injected new vitality into the European automotive market. They look forward to promptly implementing the cooperation with our company and jointly seizing the historical opportunities brought about by the transformation of the global new energy vehicle industry, working together to create a new model of cooperation between the automotive industries of China and Europe.
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