On the afternoon of June 6th, in the “13th Five-Year†Automotive Industry: Moderate, Balanced and Sustainable Development Plenary Meeting, Luo Wei, President of Ping An Bank’s Transportation Finance Division, shared the characteristics of transformation and upgrading in the automotive industry and automotive finance. The driving role played by the process. The following is the sharing content of Luo Wei: Industrial 3D Printers/Sand 3D Printers/Binder Jetting Additive Manufacturing Guangdong Fenghua Zhuoli Technology Co., Ltd , https://www.fhzl3dpequip.com
The production and sales scale of China's auto market has reached 23 million, of which the domestic market share of Chinese brands accounts for more than 50%. By 2020, the sales of new energy vehicles will reach more than 1 million. Compared with the past, during the 13th Five-Year Plan period, the integration of automobile companies and the Internet is accelerating, and the demand for innovation and development is becoming increasingly prominent.
In the future, the acceleration of the integration of the automotive industry and the Internet will present the following six characteristics:
First, the speed of integration of automobile companies and the Internet has gradually accelerated. The relationship between the two will be closer, and each of them will play their own advantages in the evolution of automotive products such as smart interconnection and autonomous driving;
Second, the trend of the development of Internet industrialization is becoming more and more obvious. The Internet will gradually penetrate into all aspects of the development of the automobile industry as an infrastructure, providing support for automobile R&D, production and consumption;
Third, the development of new energy vehicles will gradually accelerate. Under the dual role of policy support and market cultivation, the technologies, policies, and use of new energy in the development process will be gradually solved and alleviated;
Fourth, Industry 4.0 will provide direction guidance for intelligent manufacturing from a strategic perspective, and guide supply-side reform and manufacturing transformation and upgrading;
Fifth, with the emergence of new business models such as time-sharing and car sharing, the profit model of the automotive industry will also shift from sales to service, and this trend will become faster and faster;
Sixth, mergers and acquisitions have intensified, and domestic and foreign demand for M&A has become stronger and stronger. Through investment, mergers and acquisitions and other means, the international competitiveness of Chinese auto companies has been effectively enhanced.
Under such circumstances, the role of auto finance in the automobile industry chain will gradually be reflected, mainly in the following aspects:
First of all, the combination of industrial finance is an important direction for the supply side reform of the automobile industry, providing one-stop, comprehensive and full-industry integrated financial services for component suppliers, providing comprehensive vehicle and vehicle dealers with comprehensive customer satisfaction. The service demand provides the most extensive coverage of auto finance customers for the automotive aftermarket and auto finance institutions.
Second, financial institutions must innovate financial products and serve the new demands of the new trend of the automotive industry. It involves financial services such as new energy vehicle promotion, intelligent technologies such as the Internet and the Internet of Things, financial services in the aftermarket, and overseas strategies of automobile companies.
In the new market environment, innovative financial products must dock the enterprise's IoT financial needs and provide one-stop financial services for the entire chain or specific projects. Auto finance will play a role in activating the market, optimizing market resource allocation and accelerating asset circulation throughout the industry chain, providing a driving force for the transformation and upgrading of the automotive industry.
October 11, 2024