Gasgoo Munich- The market share of traditional internal-combustion engine vehicles is shrinking by 10% to 15% annually, leaving most automakers grappling with margin pressures. Xiang Xingchu, Party secretary, chairman, and general manager of JAC Group, made the remarks at the Future Car Pioneer Conference on May 29, as reported by Gasgoo from the event.
Meanwhile, the traditional boundaries dividing the industry's upstream and downstream are dissolving. Automakers and parts suppliers are moving beyond joint technology development toward deeper ecosystem integration — a shift that demands cross-sector collaboration.
Image source: Gasgoo
Chinese brands, he noted, are seizing a golden opportunity for a historic rise. The driving force is the transition toward smart new-energy vehicles — a shift that can only reach its full potential in a market like China's. That potential rests on four pillars: the institutional edge of a nationally coordinated innovation push; a comprehensive, deeply rooted manufacturing sector; a vast pool of engineers; and a consumer environment that actively embraces innovation.
China's auto industry, he argued, stands at a critical juncture — transitioning from sheer scale to true competitive strength. No company can cross that threshold alone. The only viable path forward lies in sharing value, aligning interests, and building consensus.
