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china news service, beijing, september 7 (reporter zhang su) the seventh automotive technology 50 list was recently released. industry experts said that in the face of opportunities and challenges such as value chain transformation, globalization and going overseas, the chinese automotive industry will take more determined steps to jointly promote the development of the chinese automotive industry in a greener and smarter direction.

the 2024 kpmg china automotive industry summit and the 7th automotive technology 50 list release conference were held recently. "at present, we are in a critical period of intelligent transformation in the automotive industry." yang jie, vice chairman of kpmg china, said in her speech that on the one hand, technologies such as artificial intelligence, big data, cloud computing, and the internet of things are being integrated into every aspect of the development of the automotive industry at an astonishing speed. on the other hand, the market is also responding quickly to the diverse needs of consumers, pushing the automotive industry towards a greener, more efficient, and smarter direction.

yang jie said that under this general background, companies should embrace innovation, pay attention to changes in market demand, and build an open and cooperative ecosystem.

some analysts believe that as competition in the domestic auto industry continues to intensify, more companies are considering and accelerating their overseas expansion plans. jiang liqin, kpmg china's head of client and business development, said that the five elements of "demand + policy + international situation + green + product" will jointly promote the rapid development of overseas expansion.

"as the industrial chain goes overseas and global layout is developed, the trend of electrification and high-end development has emerged and will become an important direction for future overseas expansion," said jiang liqin.

at present, the chinese automobile market is in a period of rapid change. during this conference, many experts interpreted and analyzed the development of smart cars, value creation innovation, accelerated market integration, and the commercialization of driverless cars.

it is worth noting that in the intelligent era, cars are no longer just a means of transportation, but also a smart terminal. with the continuous advancement of technology, consumer demands in the automotive market are becoming increasingly diversified, and the demand for intelligent and personalized cars is constantly rising. intelligent driving assistance systems, intelligent interconnection functions, and personalized in-car entertainment systems have become important considerations for consumers when choosing cars.

"as the scale of china's automotive aftermarket continues to expand, it will exceed 1.3 trillion yuan in 2023, and the market potential is huge." kang qiming, partner of kpmg china's transaction strategy consulting, said that in the face of diversified and personalized consumer demand, oems should pay more attention to enhancing the value of products and services, and attract and retain consumers through technological innovation, improving product quality, and optimizing after-sales services. (end) [editor: zhang ziyi]