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.

On August 7, the Beijing News BKeconomy reporter from the China Association of Automobile Manufacturers official was informed that, according to its collation of the General Administration of Customs data show that in June this year, auto parts and components products exports amounted to 9.29 billion U.S. dollars, an increase of 5.4% year-on-year growth, an increase of 5.4% growth of 8.8%; so far this year, the automotive parts and components products exported amounted to 51.69 billion U.S. dollars, an increase of 4.9% year-on-year.From the auto parts import aspect, in June this year, auto parts products import amount is the same as the same period of the previous year, auto parts products category import amount is 2.62 billion U.S. dollars, down 2.3% from the same period of the previous year; this year, the bright lights, auto parts products imports amounted to 14.61 billion U.S. dollars, a year-on-year increase of 4.7%.Declaration: This article comes from the Beijing News BKeconomy.If copyright issues are involved, please contact us to delete.

On 5 August, the 2024 Fortune World 500 list was unveiled.This year's Fortune 500 list companies have combined revenue of about $41 trillion, equivalent to one-third of global GDP, a slight increase of about 0.1 per cent over last year. The threshold (minimum sales revenue) to make the list this time increased from $30.9 billion to $32.1 billion. The combined net profit of all companies on the list rose 2.3 per cent year-on-year to about US$2.97 trillion.A total of 133 Chinese companies are on the list this year, nine fewer than last year. The total revenue of the 133 Chinese companies on the list will be about US$11 trillion in 2023, a drop of about 6 per cent compared with the 142 companies on last year's list; the average sales revenue is about US$83 billion, which is lower than the average revenue of US$99 billion of the U.S. companies on the list, and slightly higher than the average of the full list of 500 companies.The rise of the automotive industry has made Chinese companies in the automotive sector a highlight of this year's list. Among the 15 sectors in which Chinese companies are listed, the development of "automobiles and components" is more prominent: a total of 10 Chinese automotive and automotive components companies entered the 2024 Fortune 500, compared to 9 last year, with Chery appearing on the list for the first time. 10 companies are: SAIC, FAW, BYD, GAC, Geely, BAIC, Dongfeng, CATL, Chery and Jardine Matheson.The ranking of 10 enterprises has increased year-on-year by more than half, with Chery on the list for the first time and BYD improving its ranking the most. It is worth mentioning that on the return on equity (ROE) list, Chery was ranked 40th with a ROE of 35 per cent, and three automotive industry companies, Chery, CATL and BYD, were on the list of the top 10 Chinese companies in terms of ROE.For the first time on the list, Chery Group ranked 385th with $39.1 billion in revenue. 2023, Chery Group's business performance created "three historical highs": the Group's annual revenue exceeded 300 billion yuan for the first time, an increase of more than 50% year-on-year; annual sales of 188,131,616 automobiles, a year-on-year increase of 52.6%; the Group exported 937,148 automobiles, an increase of 52.5% year-on-year. The Group's annual export of 937,148 cars, up 101.1% year-on-year, for 21 consecutive years ranked first in the export of Chinese brand passenger cars. In the first half of this year, Chery Group continued to maintain the accelerated development trend, the first half of the sales of automobiles exceeded 1.1 million, a strong year-on-year increase of 48.4%, a record high.SAIC ranked first among the ten Chinese automotive companies on the list, and 93rd on the overall list. 2004 saw SAIC on the Fortune 500 list for the first time, and 2014 saw SAIC's first entry into the top 100, and so far it has ranked among the top 100 for eleven consecutive years.BYD ranked 143rd, the most improved Chinese company, up 69 places from the previous year. 2023, BYD's annual sales of new energy vehicles exceeded 3.02 million units, reigning as the world's champion of new energy vehicle sales, and becoming the first Chinese automobile company to rank among the top ten in global auto sales. In the first half of this year, BYD's new energy vehicle sales reached 1,613,000 units, an increase of 28.46 per cent year-on-year, maintaining a strong growth momentum.Geely Holding was ranked 185th, up 40 places from the previous year's ranking, with revenue increasing from $60.4 billion to $70.4 billion. Geely Holding Group's total vehicle sales in 2023 will be about 2.79 million units, up 20% year-on-year; new energy vehicle sales will be about 980,000 units, up 51% year-on-year, with new energy penetration reaching 35%.Guangzhou Automobile Group (GAC) has been listed in the Fortune Global 500 for 12 consecutive years, with its latest ranking of 181st, down 16 places from the previous year. In addition, FAW ranked 129th, up two places from the previous year; BAIC ranked 192nd, up one place from the previous year. Dongfeng Motor ranked 240th, down 52 places from the previous year. Jardine Matheson ranked 421st, down 26 places from the previous year.The performance of component companies and technology companies is also noteworthy. 2023, CATL entered the Fortune 500 for the first time with its sales revenue of US$48.8 billion, reaching No. 292. This year, CATL' sales revenue on the list increased again from US$48.8 billion to US$56.6 billion, and the ranking improved by 42 places to reach No. 250. CATL company 2023 revenue of 409.917 billion yuan, up 22.01 per cent year-on-year; net profit attributable to shareholders of the parent company 44.121 billion yuan, up 43.58 per cent year-on-year. In the first half of this year, CATL achieved operating income of 166.767 billion yuan, compared with the same period last year, down 11.88%.In addition, outside the list of vehicles and components sub-industry, Huawei ranked 103rd with $99.470 billion in revenue. Huawei smart car solutions BU gradually mature, as of early July 2024, Huawei car BU revenue reached 10 billion yuan; Xiaomi Group ranked 397th. Fortune Chinese mentioned in the list release article that Xiaomi Auto is a dark horse in China's new-energy smart cars, and that the auto business revenue will also have an impact on the company's future ranking on the list; Changan Automobile's parent company, China National Armaments Corporation, and China CNR Group Corporation, were ranked 343rd and 451st on the Fortune Global 500 list, respectively.The list shows the innovation and breakthroughs of Chinese automotive companies in new energy vehicles and intelligence. In the wave of change of new energy vehicles, Chinese auto brands have not only occupied an important position in the domestic market, but also made a big splash on the global stage. Intelligent transformation is also a keyword that Chinese automotive companies cannot ignore, and companies have increased R&D investment in cutting-edge technologies such as intelligent driving and Telematics in an effort to seize the first opportunity in the wave of intelligence. At the same time, technology companies like Huawei and Xiaomi have also entered the automotive field across the border by virtue of their accumulation in artificial intelligence and other fields, bringing a new mode of thinking and technical solutions to the automotive industry. In addition, the excellent performance of Chinese automotive enterprises in automotive exports not only enhances the international influence of Chinese brands, but also provides valuable experience for other Chinese enterprises to "go global".The release of the 2024 Fortune 500 list is not only a summary and affirmation of the past year's business performance of global enterprises, but also a preview and outlook of the future development trend. Against the backdrop of the continuous evolution of the global automotive industry, the rise of China's automotive enterprises is not only reflected in the number and ranking on the list, but also in the comprehensive improvement of their technological innovation, internationalisation strategy and sustainable development capability, and China's automotive industry is moving towards the higher end of the global value chain.Declaration: This article comes from the China Automotive News.If copyright issues are involved, please contact us to delete.

July 22｜Electric aircraft maker Eve showed for the first time a full-size prototype of its ‘flying taxi’, which it aims to have certified and operational by 2026, the company said. Eve, which is controlled by Embraer, unveiled its electric vertical take-off and landing (eVTOL) aircraft prototype at an event with investors and customers at its Gaviao Peixoto factory on 3 July. early 2025 to test-fly the prototype. This month, the company announced a new round of financing totalling $94 million from Embraer and one of its main suppliers, Nidec. eve has amassed nearly 3,000 potential orders before going into production, which the company hopes will eventually turn into firm orders. Interested customers include United Airlines, charter company Global Crossing and aircraft leasing company Azorra.Declaration: This article comes from the AACSTOCKS.If copyright issues are involved, please contact us to delete.

Recently, the world's leading consulting firm AlixPartners released a new report showing that Chinese branded automakers are expected to continue their rapid expansion overseas, accounting for 33% of the global auto market by 2030.Chinese-brand automakers to accelerate "going overseas" AlixPartners expects Chinese branded cars to grow in all global markets, with particularly rapid growth outside of China.This year, the global market share of Chinese branded cars is expected to be 21%, of which only 3% is outside China.But AlixPartners expects sales of Chinese-branded cars outside China to grow to 9 million units by 2030, up from 3 million this year, meaning that by the end of 2030, its market share outside China will grow from 3% to 13%.The growth of Chinese branded cars in Russia is the most impressive: AlixPartners estimates that by 2030, the market share of Chinese branded cars in Russia will double from the current 33%, soaring to 69%.However, market share growth is expected to be weaker in Japan, Korea and North America. This is partly due to the fact that the U.S. government has announced that it will impose a 100 percent tariff on imported Chinese electric cars, claims AlixPartners.Currently in North America, Chinese branded cars are expected to account for only 3% of the market, and mainly in Mexico. However, it is expected that by 2030, Chinese branded cars could reach a 20% market share in Mexico.In most other major regions of the world, the market share of Chinese-branded vehicles is expected to grow exponentially, AlixPartners reports. These regions include Central and South America, Southeast Asia, the Middle East and Africa.Meanwhile, in Europe, Chinese brands are also "on the offensive": according to ArrowPlatts, their market share in Europe is expected to double from the current 6% to 12% by 2030.According to AlixPartners, the market share of Chinese branded cars in China is also expected to grow from 59% to 72% by 2030. Traditional automakers such as General Motors have been losing ground in China in recent years, and a large portion of the country's auto market share has been taken up by local brands such as BYD, Geely and Azera."China is the new disruptor in the auto industry."According to AlixPartners, the strengths of Chinese branded carmakers lie not only in cost advantages and localized production strategies, but also in a more advanced level of technology that can satisfy evolving consumer preferences for automotive design and freshness.Mark Wakefield, global co-head of AlixPartners's automotive and industrial practice, said in a statement:"China is the new disruptor in the automotive industry - capable of creating essential cars that are faster to market, cheaper, technologically and design-advanced, and more efficiently manufactured."They point out that Chinese branded cars create new products in 20 months, half the time of traditional automakers (40 months). Moreover, Chinese-branded cars have a 35% "Made in China" cost advantage.Wakefield said that for traditional automakers to compete with Chinese automakers, it is no longer enough to just "eat the old book"; they need to rethink their overall business development process and increase the speed of vehicle development.Andrew Bergbaum, the other global co-head of AlixPartners's automotive and industrial practice, said that the company's automotive development process needs to be rethought and the pace of vehicle development increased. In a statement, Bergbaum said, "Automakers that wish to continue operating on the stale principles of the past are only now waking up and are on their way out."

On June 25, at the World Economic Forum Convenes 15th Annual Meeting of the New Champions(also known as the "Summer Davos"), CATL Chairman Zeng Yuqun said its civil electric manned aircraft cooperation project has made progress, and is expected to support a range of about 2,000 to 3,000 kilometers from 2027 to 2028, which is also the first time CATL has revealed information about the range of its electric aircraft. This is also the first time CATL revealed its electric airplane range information.Zeng Yuqun said CATL has successfully test-flown a 4-ton civil electric aircraft, and is "actively investing" in and accelerating the development of an 8-ton class. The 8-ton aircraft is expected to be released in 2027 to 2028, when it will be able to support a range of about 2,000 to 3,000 kilometers.The batteries used in the project are said to be cohesive batteries, the cutting-edge battery technology of CATL. The battery's single energy density is as high as 500Wh/kg, which not only means a two-fold increase from the current level of 250Wh/kg in the power battery field of electric vehicles, but also means that it has already met the energy density requirements of regional airliners.At the same time, Zeng Yuqun revealed that the company is developing a new generation of sodium-ion batteries, in terms of cost, life and low-temperature performance is expected to have a better performance, the earliest launch next year. If the technology as an evaluation system (1-10 scoring),CATL sodium-ion battery project has been at the level of 7.Declaration: This article comes from the China Daily.If copyright issues are involved, please contact us to delete.

According to the statistics of Ningbo Customs, from January to May this year, the total import and export value of Ningbo's foreign trade amounted to 560.95 billion yuan, an increase of 9.2% over the same period last year (the same below). Among them, exports amounted to 361.67 billion yuan, an increase of 8.2%; imports amounted to 1992.08 billion yuan, an increase of 11.1%.The proportion of import and export of private enterprises further increased. from January to May, the city's private enterprises imported and exported 420.76 billion yuan, an increase of 10.6%, accounting for 75% of the total value of import and export of Ningbo during the same period, the proportion of which increased by 0.9 percentage points. Foreign-invested enterprises imported and exported 101.53 billion yuan, an increase of 8.9%; state-owned enterprises imported and exported 38.48 billion yuan, down 2.9%.To the top five trading partners are growing. 1-5 months, the United States, the European Union, ASEAN, Australia, Japan for the city's top five trading partners, respectively, the import and export of 94.99 billion yuan, 93.74 billion yuan, 71.96 billion yuan, 29.73 billion yuan, 23.66 billion yuan, an increase of 14.5%, 3.5%, 19%, 18%, 2%. In addition, Ningbo's import and export to and from countries with "One Belt, One Road" is 245.27 billion yuan, an increase of 8.1%, while that to and from other RCEP member countries is 144.29 billion yuan, an increase of 10.8%.The export of traditional advantageous products continued to grow. 1-5 months, the city exported 206.25 billion yuan of electromechanical products, an increase of 7.6%. Among them, household appliances, general machinery and equipment exports of 26.99 billion yuan, 15.68 billion yuan, an increase of 14.7%, 25.7%; by the economic recovery, transportation demand to enhance the impact of container demand growth, the city's container exports increased significantly by 719.1%. During the same period, the export of labor-intensive products 83.87 billion yuan, an increase of 11.4%, of which plastic products, furniture and its parts, toys, shoes and boots increased by 13.8%, 29.6%, 20.6%, 25.6%.Resources, raw materials products imports grew significantly. from January to May, the city imported iron ore, copper, plastics in primary shapes, refined oil, aluminum, natural gas 25.24 billion yuan, 15.76 billion yuan, 13.26 billion yuan, 12.01 billion yuan, 3.27 billion yuan, 3.06 billion yuan, an increase of 59.2%, 11.6%, 7.6%, 52.9%, 66.5%, 6.7% respectively. Consumer goods imports of 18.2 billion yuan, down 2.5%; of which dried and fresh fruits and nuts, edible oils, alcohol and beverages increased by 26.7%, 7.6%, 5.2% respectively.In May, Ningbo import and export 124.34 billion yuan, an increase of 12.3%, a growth rate of 4.6 percentage points higher than that of April, of which exports 83.87 billion yuan, an increase of 17.7%, imports of 40.47 billion yuan, an increase of 2.6%.

            On June 17, 2024, China announced that it would include Australia as a unilateral visa-free country.Declaration: This article comes from the CCTV News.If copyright issues are involved, please contact us to delete.

Magna recently expanded its manufacturing equipment plant in Changchun, Jilin, to support a new contract for electric vehicle batteries with a premium German automotive brand.

Industry sales surpassed Belgium, and Brazil has overtaken Belgium as the largest export market for China's new energy vehicles. Chinese automakers have increased sales to non-European markets as the European Union launches an anti-subsidy investigation into Chinese electric vehicles.