Seize the Strategic Opportunity of B&R
Accelerate the Internationalization of the Auto Industry
The China Automotive Enterprise Going-Out Strategy Summit was successfully held in Shanghai on November 29, 2018. Since the beginning of this year, the trade friction between China and the United States has been escalating, which has far-reaching impact on the industrial chain and value chain of global automobiles and parts and related products, promoting major adjustments in the global automobile industry pattern and ecosystem. In the short term, it forces enterprises to accelerate the overseas localization and adjust the product structure and the market layout. In the long run, it will force China to further deepen reform and opening-up and promote global cooperation on production capacity. Gao Hesheng, deputy party secretary and deputy general manager of CATARC, put forward three suggestions. Firstly, accelerate the breakthrough of key core technologies and improve the international competitiveness of export products. Secondly, actively adjust the global strategic layout and optimize the product structure and the market layout. Thirdly, enhance overseas development and service capabilities of enterprises on the basis of localization.
----From China Automotive News
(Translator：Niu Bingyu, Marketing & Sales Dept.)