22 Jan The Look Back / Look Ahead Automotive Forum
THURSDAY, FEBRUARY 20, 2020 (9 AM – 11:45 AM) // SHANGHAI
The Langham Shanghai, Xintiandi
99 Madang Road
Grand Ballroom A, 3rd floor
Lessons and Trends in the Industry
AmCham Shanghai’s Automotive Committee invites you to our Look Back/Look Ahead Automotive Forum, where industry insiders will discuss lessons learned in 2019 and the trends shaping decisions for 2020 and beyond. Experts will present key takeaways from the Consumer Electronics Show in Las Vegas, discuss the implications of the commercialization of 5G, and debate what is necessary to recapture growth in the new decade.
Mobility demand will expand in the 2020s as the middle-class population expands and consumption rises, which is ordinarily a cause for optimism. However, automakers and suppliers are concerned that the industry has peaked. New car sales in China peaked in 2017 at 28.8 million units, followed by declines in 2018-19. Sales in 2019 fell 8.2% to 25.8 million units, of which 21.4 million units were passenger vehicles. After decades of sharp growth, consumption patterns are being materially altered by shared mobility, an increasing supply of used cars, and shifting supply chains adapting to rising costs and trade disputes.
In response to these challenges, carmakers are faced with a significant capital investment burden for incorporating connected, electric, and autonomous technology in their vehicles with uncertain profit growth potential. These forces have the potential to reshape China’s auto industry dramatically in the next decade. What can automotive companies do to succeed in a profoundly different economic and competitive landscape?