A file photo of the Volkswagen logo taken in Wolfsburg, Germany. AFP/USAVolkswagen Group said in a statement on the 2nd that the company is considering closing one of its car manufacturing plants and one parts plant in Germany for the first time and terminating an employment protection agreement that has been in place since 1994 in a bid to further cut expenses.Volkswagen passenger car brand profit margins have been low for a long time, and the company hopes to improve its financial situation by reducing costs. However, cost-cutting has become more difficult as consumer spending has slowed during the transition to electric vehicles. In a statement, Volkswagen Group's chairman of the board of management, Ogbomu, said, ‘The general environment has become tougher and Germany is gradually falling behind in terms of competitiveness.’VW currently employs about 650,000 people worldwide, nearly 300,000 of whom are in Germany. The closure plan, if implemented, would be the first time in Volkswagen's history that a plant has been shut down in Germany, and could lead to conflict with VW's labour council in Germany. Daniela Cavallo, chairwoman of VW's labour committee, said the committee would ‘strongly oppose’ the board's proposal.Declaration: This article comes from the Internet.If copyright issues are involved, please contact us to delete.

According to US media reports, on 31 August local time, the US National Highway Traffic Administration said Ford is recalling 90,736 trucks in the US because the vehicles' engine safety intake valves could rupture during driving. The recall involves some 2021 to 2022 models of the Spirit, F-150 Raptor, Renegade, Explorer, Lincoln Voyager and Lincoln Aviator equipped with the 2.7-litre or 3.0-litre Upgrade Programme start-up update.The National Highway Traffic Safety Administration said that as part of the barrier measures, Ford dealers will conduct free engine cycle tests and subsequently replace the engines for owners of the vehicles in question.Declaration: This article comes from the CCTVNEWS client.If copyright issues are involved, please contact us to delete.

From 26-28 September, CAPAFAIR 2024 will kick off at Ningbo International Conference and Exhibition Centre, injecting new vitality and inspiration into the global auto parts industry.Highlight 1: Eight exhibition halls, 51650 square metres of unprecedented exhibition areaCAPAFAIR 2024 is fully upgraded and for the first time, all eight exhibition halls of Ningbo International Conference and Exhibition Centre will be used, with a total exhibition area of 51,650 square metres, a surge of 50% compared with the previous session. The eight exhibition halls will be fully opened to meet the auto parts people from all over the world and witness this unprecedented scale auto parts industry event. Highlight 2: 1,805 exhibitors competing on the same stage, domestic and foreign enterprises gathered togetherThe booths of CAPAFAIR 2024 have all been sold out, and this exhibition has gathered 1805 exhibitors from 21 provinces, municipalities and autonomous regions of China and Hong Kong SAR, covering the core area of automotive industry in Yangtze River Delta, Pearl River Delta, Beijing-Tianjin-Hebei and other areas, and bringing together the heavyweight automotive industry bases of Wenzhou/Yuhuan of Zhejiang Province, Xingtai/Cangzhou of Hebei Province, Linqing of Shandong Province, Changzhou of Jiangsu Province and other national auto parts industry bases. Many industry strength enterprises gathered together, competing to display the latest products and technologies.Highlight 3: Comprehensive Coverage of Six Sections, One-Stop Purchasing for the Whole Industry ChainCAPAFAIR 2024 will focus on industry segments and make more professional classification of exhibits. The exhibition will be divided into six segments, including automotive parts and components, automotive electrics and electronics, automotive supplies and modification, digital and intelligent systems, repair, testing and maintenance, as well as processing technologies and equipments, which will cover the whole industry chain of the auto parts industry and provide one-stop and all-around purchasing service for buyers.Highlight 4: International buyers come in droves, with more than 35,000 buyers joining the grand eventCAPAFAIR 2024 has successfully attracted 168 overseas buyers from 28 countries and regions, including Malaysia, Australia, Vietnam, Peru, etc., through an all-round and multi-channel buyer invitation strategy. As of press time, the number of pre-registered buyers for the show has reached 14,200, including cross-border e-commerce/electronic business, OEMs and their primary and secondary suppliers, automotive aftermarket agents/wholesalers/distributors, and other professional buyers, of which more than 4,000 are registered in the foreign trade category (foreign merchants, import and export companies), and it is estimated that the final admission of buyers will be more than 35,000 people.Highlight 5: Deep integration of online and offline, intelligent matching and efficient dockingCAPAFAIR 2024 has not only achieved a qualitative leap in offline scale, but also built an exclusive service platform online. The platform integrates the four functions of exhibition, trade, information and socialising, which can provide buyers with online instant release of purchasing information and exhibitors with accurate display of product information. Through the intelligent matching system, the platform will automatically carry out efficient docking and matching for both supply and demand sides, helping exhibitors to expand their achievements and speeding up the purchasing efficiency of buyers.Highlight 6: Free buses will accompany the exhibitors, and the exhibition service will be upgraded comprehensively.While the online experience is easy and convenient, the offline service is also full of sincerity. CAPAFAIR 2024 has opened free shuttle buses from Yiwu, Wenzhou, Shanghai, Hangzhou and other popular cities to the exhibition site, which will bring buyers safe, comfortable, convenient and fast exhibition services. In addition, the show also set up an ‘Invited Buyer Service Area’ to provide refreshments, rest, business negotiation and other upgraded services for global important buyers with clear purchasing intention.Highlight 7: Exciting concurrent activities, professional exchanges and future dialogueDuring the exhibition, a number of high-quality theme forums, new product launches and other concurrent activities will be held simultaneously. These activities will focus on industrial development, industry trends, technological innovation and other hot topics to carry out in-depth discussions and exchanges, which will greatly enrich the connotation of the exhibition and enhance the overall value.This global auto parts industry event is now within reach, so hurry up and complete your visit registration! Let's look forward to the grand opening of CAPAFAIR 2024 and witness the brilliant future of the auto parts industry!

Against the backdrop of the booming global automobile industry, China's automobile and its parts industry has occupied a pivotal position in the international market by virtue of its advanced production technology and perfect supply chain system. With the rise of the pet economy and changes in the travel habits of overseas consumers, a new market segment - the pet auto parts market is quietly rising overseas, becoming the focus of industry attention.Blue Ocean Potential of Pet Auto Parts MarketAccording to Google Trends data, in the past 90 days, the global search heat of the term “pet travel” (pet travel) has continued to be high, showing that the close integration of pets and automobile travel has become a new life trend. Especially in countries and regions such as Qatar, the United Arab Emirates, New Zealand and Australia, users are particularly concerned about pet travel. The Investment and Finance Research Institute points out that behind this trend is the pursuit of high-quality and high-freedom lifestyles by Generation Z consumer groups, who are more willing to bring their pets along to enjoy the fun of outdoor self-driving, thus driving the rapid growth of the pet auto parts market.Hot Sales Trend and Consumer PreferenceAccording to the sales data on Amazon.com, pet car seats have become hot-selling products, with monthly sales easily exceeding thousands of units, with prices ranging from $17.59 to $79.99. These hot-selling products generally have “waterproof”, “adjustable harness”, “portable and breathable”, “removable” and “waterproof” features. These hot-selling products generally have “waterproof”, “adjustable seat belt”, “portable and breathable”, “removable”, “easy to use”, “easy to remove”, “easy to use”, “easy to use”, “easy to remove”, and “easy to use”. These hot-selling products generally have core functions such as “waterproof”, “adjustable harness”, “portable and breathable”, “detachable”, “easy to clean”, etc., which meet the needs of pet owners in different scenarios. The Investment and Finance Research Institute believes that as consumers' requirements for product quality and experience continue to improve, the pet car accessories market will pay more attention to the innovation and practicality of products.In terms of material selection, environmentally friendly and durable, waterproof and easy-to-clean materials have become the mainstream trend. Meanwhile, in order to enhance the comfort of the pet's ride, sellers have adopted ergonomic design and advanced material technology. For example, breathable materials with PVC mesh surfaces are favored for their good breathability and comfort. In addition, multifunctionality is also one of the key concerns of consumers, such as the design of pet car seats doubling as carriers or travel beds, which further meets the diversified needs of pet owners.How to Layout Overseas MarketIn the face of this blue ocean market full of opportunities, the Investment and Financing Research Institute offers the following suggestions for entrepreneurs who want to engage in cross-border e-commerce in this field.Precise positioning and market research: Understand the pet keeping preferences and traveling habits of the target market, and aim at the demand of segmented scenarios, so as to provide strong support for product design and marketing.Social media marketing: Take advantage of the high traffic and strong dissemination of social media platforms such as TikTok, Instagram, Pinterest, etc., and increase product exposure and conversion rates through scenario-based marketing and vertical field seeding.Festive promotions and limited-time offers: Seize major festivals in overseas countries and launch promotional strategies such as full-price discounts and coupons, and utilize Shoptop and other e-commerce tools to create an atmosphere of hot sales and a sense of urgency through “limited-time promotions”.Continuous innovation and customized services: Continuous innovation in product design, providing customized services and personalized pet elements to meet consumers' pursuit of product uniqueness and personalization.The Investment and Financing Research Institute believes that the business of pet auto parts cross-border e-commerce, as an emerging and full of potential segment, will bring unprecedented development opportunities for entrepreneurs who dare to take risks and try. However, to stand out in this blue ocean, sellers need to have a keen market insight and continuous innovation, while focusing on product quality and user experience improvement. Only in this way can they stand invincible in the fierce market competition.Market data further confirms this trend. Relevant statistics, the global auto parts and accessories market size will grow from $697.84 billion in 2023 to $108.73 billion in 2031, with a CAGR of 5.7%. Meanwhile, finance.yahoo data shows that the global pet accessories market size is expected to reach $55.4 billion in 2030, with a CAGR of 6.8%. Among them, the pet car seat market, as an emerging segment, has particularly great growth potential. The Investment and Finance Research Institute believes that the market demand for pet car seats and other products will continue to expand as pet owners' awareness of pet travel safety improves.Declaration: This article comes from the China Youth Kandian.If copyright issues are involved, please contact us to delete.

New energy vehicles displayed at the booth of German brand Audi at the fourth Consumer Expo.Xinhua News Agency reporter Yang GuanyuGermany is the traditional powerhouse of the automotive industry, with a century of automotive design, production history and perfect industrial supply chain. However, in recent years, with the acceleration of the trend of new energy transformation of the car, Germany, the car “teacher” has encountered new problems, many traditional auto parts manufacturers have recently encountered operational difficulties, once proud of the supply chain scenery is no longer, reflecting the German car electrification transformation road facing multiple challenges.German car seat manufacturer Lei Carlo recently filed for bankruptcy. This enterprise had for BMW, Mercedes-Benz, Lamborghini and other well-known car brands production seats, its bankruptcy has become the latest example of many German auto parts enterprises operating difficulties.German consulting firm Falkensteiger Holding data show that in the first half of 2024, a total of 20 German auto parts suppliers with annual revenues of more than 10 million euros filed for bankruptcy, a year-on-year surge of more than 60%. There are also some companies in order to reduce costs and increase efficiency, had to lay off employees or close non-core business.Analysts said, parts manufacturers operating difficulties, on the one hand, the reason is the weak economy, domestic production continues to shrink leading to a decline in demand; on the other hand, the wave of new energy changes in the automotive industry also caused a greater impact on the traditional supply chain. German Automotive Research Center said that the German auto parts companies facing operating pressure is mainly concentrated in the field of internal combustion engines.Compared with traditional fuel vehicles, the number of parts required for electric vehicles is greatly reduced. German Hanover SME University of Applied Sciences automotive experts Frank Schwope predicted that by 2030, the German automotive supply chain jobs will be reduced from the current 270,000 to 200,000, weakening the influence of the German automotive industry.New energy change brings a huge impact, the German car electrification road is not smooth. Mercedes-Benz announced at the beginning of the year, will be 50% of its electric car sales accounted for the realization of the target time from 2025 postponed to 2030; Porsche announced to give up the 2030 electric car sales accounted for 80% of new car sales target; Volkswagen Group is also considering the closure of the Audi Q8 e-tron electric car factory in Belgium.Meanwhile, the German federal government announced in December 2023 the early termination of subsidies for electric cars, a move that intensified the wait-and-see mood of consumers. Data from Germany's Federal Motor Transport Authority showed that new electric vehicle registrations fell 36.8% year-on-year in July; the market share of newly registered electric vehicles in Germany in the first half of the year fell to 12.5% from 15.8% in the same period last year.In view of the change in market demand, many vehicle manufacturers have slowed down the electrification process this year, and continue to cancel or postpone orders, which further aggravates the business difficulties of spare parts suppliers. Nevertheless, some German auto parts head enterprises still maintain a positive attitude to deal with the transformation challenges. For example, Bosch plans to launch about 30 EV-related projects this year; Continental plans to spin off its core automotive division and seek an independent listing; and chipmaker Infineon is focusing on automotive digitization to find new profit growth points.“The current market situation is not good, resulting in the electric drive train production line, which we have invested a lot of money in establishing, being partially idle.” ZF CEO Ko Haoche said, “But the future of the automotive industry belongs to electric vehicles is certain, companies have actively invested in this field, and will continue to invest heavily.”Schwope also believes that German parts manufacturers need to adjust their strategies as soon as possible to adapt to the new competitive landscape. Small enterprises with limited capital can cooperate with large enterprises to obtain technical support through technology transfer or joint research and development, while large manufacturers need to utilize their scale and R&D advantages to explore new growth paths. Declaration: This article comes from the Xinhua News Agency.If copyright issues are involved, please contact us to delete.

The much-anticipated CAPAFAIR 2024 Ningbo International Auto Parts & Accessories Exhibition will be held again on September 26-28 in Ningbo.This year's fair will be held in Halls 1-8 of the Ningbo International Conference and Exhibition Center, with a total exhibition area of 51,650 square meters. 1805 exhibitors from 21 provinces, municipalities and autonomous regions and the Hong Kong SAR were recorded, with exhibits covering automotive components and assemblies, automotive supplies and modifications, automotive electronics and electrics, automotive maintenance and repair, and automotive parts and components processing technology and equipment, etc. The exhibition area and the number of exhibitors were higher than those of the previous year. The exhibition area and the number of exhibitors increased by 50% compared with the previous edition, and the data continued to lead other domestic auto parts exhibitions except Automechanika Shanghai.

The CAPA FAIR 2024 will be held on September 26-28, 2024 at Ningbo International Conference and Exhibition Center (Hall 1-8), when the national auto parts enterprises will launch a auto parts feast with professional buyers from home and abroad. There will be more than 35,000 buyers present. In order to better serve the professional buyers who come to purchase, the organizer has opened a free shuttle bus from the exhibition to the site in popular cities such as Yiwu, Wenzhou, Shanghai, etc., which will make your trip to Ningbo more easy and convenient.Exhibition bus line1, Yiwu - Ningbo Conference and Exhibition Center free round-trip bus (September 26-27)Departure time from Yiwu: September 26-27, 07:30 a.m.Bus return time: 16:00 p.m. on the same dayYiwu boarding location: Yiwu International Trade City 5 areaNingbo station location: Ningbo International Conference and Exhibition CenterRegistration Hotline: 0574-87254018 / 17706602414 (Ms. Wu)WeChat Registration for bus2、Wenzhou - Ningbo Convention and Exhibition Center free round-trip bus (September 26-27 )Departure time from Wenzhou: September 26-27, 07:00 a.m.Bus return time: 16:00 pm on the same dayWenzhou boarding location: Wenzhou South Railway Station West Square (one week before the exhibition notice)Ningbo Station: Ningbo International Convention and Exhibition CenterRegistration hotline: 17367961227 (Ms. Qiao)WeChat Registration3、Shanghai - Ningbo Convention and Exhibition Center free round-trip bus ( September 26-27)Departure time from Shanghai: September 26-27, 07:30 a.m.Bus return time: 16:00 p.m. on the same dayShanghai boarding place: Shanghai South Railway Station North Square parking lotRegistration Hotline: 0574-87254016 / 19538853231 (Mr. Han)Scanning WeChat registrationNote: All bus registrations will be accepted until September 20, and on the day of the bus's return, a deposit of $50 per seat will be required in advance and refunded within 3 days after boarding the bus.Visiting InformationOpening Hours:September 26-27, 2024 9:00-16:30September 28, 2024 9:00-16:00Exhibition Address:Ningbo International Conference and Exhibition Center (No.181, Conference and Exhibition Road, Yinzhou District, Ningbo)Open Object:Trade show, open to professionals only; admission is denied to those under 18 years of age.Login Entrance:South Hall (Hall 1), West Hall (Hall 7, 8), North Hall (Hall 3, 4, 5)Warm tips:Registration through the official website, official microblogging, video number, jittery voice, Xiaohongshu and other channels are valid, repeat registration.Registration ChannelIf you haven't registered yet, please click this official registration link to register： https://m.capafair.com/check_in?expo_id=3&inviter=105976

Xinhua News Agency on August 11 was authorized to release the “CPC Central Committee and State Council on accelerating the economic and social development of comprehensive green transformation opinions” (hereinafter referred to as “opinions”). The Opinions pointed out that in order to accelerate the comprehensive green transformation of economic and social development, in the field of transportation, it is planned that by 2030, the intensity of carbon exchange emissions of the operating and stopping unit counting turnover will be reduced by about 9.5% compared with 2020; and by 2035, new energy vehicles will become the mainstream of new sales vehicles.At the same time, to build green transportation infrastructure. Enhance the level of greening of new stations, airports, terminals, and highway facilities, promote energy-saving and carbon-reducing renovation and upgrading of transportation infrastructure, build low-carbon (near-zero carbon) stations, airports, terminals, and highway service areas, and develop photovoltaics along highways according to local conditions. Improve the basic network of charging (exchange), hydrogen (alcohol) stations, shore power and other facilities, and accelerate the construction of urban intelligent transportation management systems.In the field of transformation of consumption patterns, it is necessary to actively expand green consumption and establish green consumption incentive mechanisms. Encourage users to expand green consumption, support conditional areas through the issuance of consumption vouchers, green points, etc., and encourage enterprises to adopt “trade-in” and other means to guide consumers to buy green products. New energy vehicles and green smart home appliances, water-saving appliances, energy-saving stoves, and green building materials will be sent to the countryside, and supporting construction and after-sales service will be strengthened. Optimize the government's green procurement policy, expand the scope and scale of green product procurement, and incorporate carbon footprint requirements into government procurement in due course. Guiding enterprises to implement green procurement guidelines, encouraging enterprises in a position to do so to establish green supply chains, and driving the harmonious transformation of downstream enterprises.In the policy area, it is necessary to build green transformation fiscal and taxation policies. Implement preferences for environmental protection, energy and water conservation, comprehensive utilization of resources, new energy and clean energy vehicle and ship systems. Actively build fiscal and taxation policies conducive to green low-carbon development and efficient use of resources, support the construction of new energy systems, transformation and upgrading of traditional industries, green and low-carbon scientific and technological innovation, energy conservation and intensive use and promotion of green and low-carbon life and other areas of work.The Opinion that promoting the greening of economic and social development, low-carbon, is an important symbol of the new era of the Party's new philosophy of governance, is the key link to achieve high-quality development, is the solution to China's resources, environment and ecological problems of the foundation of the policy, is the construction of modernization of harmonious coexistence between man and nature inherent requirements.More information or cooperation welcome to pay attention to the China Economic Net official weibo (name: China Economic Net, id: sourcecn)Source: China Economic Net

Tesla has stopped accepting orders for the Cybertruck, the cheapest version of its electric pickup truck priced at $61,000, while the $100,000 version of the Cybertruck can be ordered immediately for delivery as early as this month, according to CCTV Finance, which cited a foreign media report on the U.S. electric-vehicle maker's website.Industry analysts say the adjustment could indicate lower-than-expected demand for the Cybertruck.The supply and demand for the Cybertruck has been closely watched by Tesla investors and consumers, as CEO Musk has invested significant resources into the development of the Cybertruck and plans to produce 200,000 of them annually, but with the higher-priced version of the Cybertruck having less range than initially predicted, a number of customers now prefer the cheaper version of the Cybertruck, which has a lower price than the original forecast. However, as the range of the higher-priced version of the Cybertruck has been lower than initially predicted, many customers now prefer the cheaper version of Cybertruck.Previously, Musk said at the 2024 Tesla shareholders meeting that Tesla is currently shipping a record 1,300 Cybertrucks per week, and will build special versions for China and the European Union.Declaration: This article comes from the first finance.If copyright issues are involved, please contact us to delete.

Thanks to Ningbo's unparalleled advantages in foreign trade resources and developed automotive industry chain manufacturing, CAPAFAIR 2024 Ningbo, which will be held on 26-28 September, has once again become the focus of attention of the global auto parts industry, and will use all the exhibition halls of Ningbo International Convention and Exhibition Centre, with an exhibition area of 51,650 square feet, 1,805 exhibitors as of press release, which is second only to Automechanika Shanghai in Frankfurt, and far exceeds the scale of other domestic automobile parts exhibitions.Scale upgrading and full opening of eight exhibition hallsCAPAFAIR 2024 will fully open Halls 1-8 of Ningbo International Convention and Exhibition Centre for the first time, achieving a full exhibition hall, with a total exhibition area of 51,650m2, an increase of 50% compared with the previous edition, and the scale of the exhibition will once again achieve a qualitative leap.The exhibitors of this year's show cover the core areas of the automotive industry such as the Yangtze River Delta, Pearl River Delta, Beijing-Tianjin-Hebei, etc., in which the three major industrial bases of Wenzhou, Zhejiang, Xingtai, Hebei, and Taizhou, Zhejiang, are leading the show with the number of exhibitors with 345, 271, and 165 exhibitors, respectively, and the important domestic automotive parts and components industrial bases of Changzhou, Jiangsu, Liaocheng, Shandong, Guangzhou, Guangdong, and Shaoxing, Zhejiang, etc., have dozens of hundreds of exhibitors participating in the show in groups.Compared with other homogeneous exhibitions in China, CAPAFAIR 2024 has a wide geographical distribution of exhibitors, which not only brings strong market vitality to the show, but also brings advantages to the participating buyers in terms of diversified product choices, opportunities to gain a deeper understanding of the industry trends, ways to expand supply chain resources, possibilities to promote cross-regional co-operation as well as enhancement of purchasing efficiency.International Perspective: Foreign Trade Buyers Come in Numerous PiecesNingbo, with nearly 1,000 foreign trade companies focusing on automotive aftermarket exports, serves tens of thousands of automotive parts and aftermarket product manufacturers across China.In order to further enhance the global influence of CAPAFAIR 2024 and help exhibitors broaden the international market, the organisers have adopted an all-round and multi-channel strategy to invite professional buyers, sending information and inviting visitors to more than 16,500 overseas buyers through search engines such as Google, social media such as facebook, tiktok, X (Twitter) and other forms of e-direct mail and on-site interaction. Send exhibition information and invite visitors. At the same time, we penetrate into the Canton Fair, international industry exhibitions and other offline channels to accurately reach tens of thousands of international buyers, and invite elites from the global auto parts industry to gather at the event. At present, there are already overseas groups from Malaysia, Vietnam and Peru ready to participate in CAPAFAIR 2024.As of press time, the number of pre-registered buyers has reached 9,000, of which more than 3,000 are registered in the foreign trade category (foreign merchants, import and export companies), including 124 overseas buyers from 28 countries and regions such as Malaysia, Australia, Vietnam, Peru, etc., and even more professional buyers such as cross-border e-commerce/electronic businessmen, OEMs and their first- and second-tier suppliers, and automotive after-market agents/wholesalers/distributors. It is expected that there will be more than 35,000 buyers in the final admission.Exhibition Service: Online and Offline Professional DockingCAPAFAIR 2024 has made more professional classification of the exhibits, covering the whole industry chain of the auto parts industry with seven segments, from auto parts to technical equipment, from auto electronics to intelligent systems, and from auto tuning to maintenance and inspection, to provide buyers with one-stop and all-around sourcing services.In addition to the expansion of offline scale, CAPAFAIR 2024 also builds an exclusive online service platform for exhibitors and buyers, which can provide buyers with online instant release of purchasing information services as well as exhibitors with accurate display of product information services. The platform will automatically and efficiently match supply and demand through an intelligent matching system, providing customised one-on-one services, expanding exhibitors' results and accelerating buyers' purchasing efficiency.Concurrent Events Industry Dialogues for DevelopmentDuring the exhibition, a number of high-quality theme forums on industrial development, industry trends, technological innovation and new product launches by upstream and downstream enterprises in the auto parts industry will be held concurrently. The intensive presentation of many exciting activities will lead the participants to dig out the industry trends, discuss cutting-edge technology and dialogue with industry leaders. These activities greatly enrich the connotation of the exhibition, enhance the overall value of exhibitors, visitors and industry colleagues to provide a professional platform for business matching and technical exchanges.China Ningbo International Auto Parts and Aftermarket Fair 2024 List in advance: https://capafair.com/company