[Nigeria will produce plastic auto parts]
On June 5, according to foreign media reports, Mr. Oluwemimo Osanipin, Director General of the Nigerian National Automotive Design and Development Council (NADDC), revealed that Nigeria is about to start producing plastic auto parts. Osanipin said at a stakeholder meeting held in Uyo, the capital of Akwa Ibom State, that the committee has identified certain auto parts, especially plastic parts made from petroleum by-products, as areas where Nigeria has a comparative advantage in terms of cost. He said the committee is ready to advance the federal government’s “Nigeria First Policy”, adding that this is the direction that NADDC has long advocated.
[Another auto parts intelligent manufacturing base started in Xiangcheng Economic Development Zone]
On June 4, the Fucun Industrial Park project located in the Xiangcheng Economic and Technological Development Zone of Jiangsu officially started. The project will fully gather resource advantages to create an advanced comprehensive industrial park with regional influence and industrial driving force, adding a “new engine” to the development of Xiangcheng’s manufacturing industry.
After the completion of the industrial park, new energy vehicle chassis, high-voltage wiring harness, automotive electronics, automotive chips and other parts companies will be introduced, and cooperation will be carried out with the Suzhou Research Institute of Hunan University to promote the deep integration of industry, academia and research, and build it into an intelligent manufacturing R&D and production base for automotive parts in Xiangcheng Economic Development Zone, injecting new vitality into the development of the intelligent Internet of Vehicles industry in Xiangcheng District. The project will be built in three phases, and the annual output value is expected to reach 1.25 billion yuan after completion and production. Among them, the first phase of the project covers an area of 17.1 acres, with a total construction area of 23,000 square meters, including a main factory building and a supporting building, which can adapt to diversified production needs. It is expected to be completed and put into use in March 2026.
[China Automobile Dealers Association: The new car price war is still continuing. Price cuts may inhibit the active second-hand car market]
China Automobile Dealers Association and Jingzhengu jointly released the “Research Report on China’s Automobile Retention Rate in May 2025″. The report pointed out that the supply of second-hand cars showed signs of fatigue, prompting the industry to readjust its growth expectations. The duration of a wave of second-hand car market stimulated by replacement subsidies is difficult to predict. If we combine the price, the new car price war in May and June is still going on, and the price reduction may suppress the activity of the used car market. From the product perspective, after a batch of new models are launched, the old models will not flow into the used market quickly, and the actual used car transactions are more about old vehicles.
[GAC Zheng Jiaxiang: The development of China's new energy and intelligent networked vehicles makes it possible for flying cars to "change lanes and surpass machines"]
The 2025 China Automobile Chongqing Forum was held on June 6-7, with the theme of “Shaping the Future of the Industry in the Era of Change”. In the “Low-altitude Economy: From Air to Landing” session, Zheng Jiaxiang, deputy general manager of GAC Gaoyu, believed that the development of China’s new energy and intelligent networked vehicle industry made it possible for the flying car industry to “change lanes and surpass machines”. The new four modernizations of automobiles have brought new technological and industrial changes, and electrification has lowered the technical threshold; 70% of the core components are consistent with electric vehicle technology, and the automotive industry chain provides the possibility of large-scale low cost.
[Wang Xia, Chairman of the Automotive Industry Committee of the China Council for the Promotion of International Trade: The wave of mergers and reorganizations in the automotive industry will be inevitable]
At the “2025 China Auto Chongqing Forum” held in Chongqing, Wang Xia, Chairman of the Automotive Industry Committee of the China Council for the Promotion of International Trade and Chairman of the Automotive Industry Chamber of the China Chamber of International Commerce, said that compared with the price war, the technology competition in China’s electric vehicle industry appears to be more active. After the performance competitions such as cruising range and charging speed and the functional competitions of “refrigerators, color TVs, and sofas”, solid-state batteries, large models, AI on cars, and equal rights for intelligent driving followed one after another. “But accidents such as battery fires, loss of control of automatic driving, and invisible door handle traps also remind us from time to time that the competition for new technologies must always be based on the premise of maintaining the bottom line of safety.” Wang Xia believes that mergers and acquisitions are the inevitable result of “involution” and an important means of governing “involution”. According to the laws of market economic development, mergers and reorganizations are an inevitable phenomenon for the industry to move towards maturity. At present, the Chinese automobile industry is showing stagnant market capacity, declining profits, and further improvement in market concentration, which are typical characteristics of entering the mature stage of the industry. Coupled with China’s high-speed economic development mechanism and the investment of various regions to seize the commanding heights of the industry, the wave of mergers and reorganizations in the automobile industry will be inevitable.
[Shenzhen has more than 2,400 companies in the intelligent connected vehicle industry chain]
Statistical data show that in the second year after the implementation of the “Regulations on the Management of Intelligent Connected Vehicles in Shenzhen Special Economic Zone”, the added value of Shenzhen’s intelligent connected vehicle industry cluster increased by 38.2%. By 2024, the added value of Shenzhen’s intelligent connected vehicle industry cluster will reach 102.372 billion yuan, a year-on-year increase of 38.8%, and the growth rate ranks among the top 20 strategic emerging industry clusters. As of now, there are more than 2,400 upstream and downstream companies in Shenzhen’s intelligent connected vehicle industry chain, including about 1,400 companies related to autonomous driving.
Post time: Jun-13-2025
