Fu Yuwu: Address Excessive Competition and Talent Gaps, Strengthen Foundational Innovation

Edited by Aya From Gasgoo

Gasgoo Munich- On September 10, the Automotive Talent Professional Committee of the China Association of Talents marked its 20th anniversary in Shenzhen. Fu Yuwu, the committee's former chairman, reviewed industry shifts over the past two decades. In his keynote, he analyzed current challenges and proposed strategies to strengthen the talent ecosystem.

image.png Image Source: Automotive Talent Professional Committee of the China Association of Talents

Looking back to 2006, when the committee was founded, China's annual auto output was 7 million units. Since then, the country has led global production and sales for years. It also ranks first in new-energy vehicle penetration rates. During this period, the committee established collaborative platforms and conducted joint studies, such as salary benchmarking. It also released reports on talent needs for electrification and intelligent connectivity. These efforts aimed to strengthen the industry's talent foundation.

Yet, rapid expansion has created deep-seated contradictions. Fu pointed to intensifying cut-throat competition and severe product homogeneity. He noted that operational efficiency requires improvement. He also highlighted a structural imbalance in talent supply relative to industry shifts. Challenges remain regarding compliance for overseas expansion and product consistency.

Fu proposed three recommendations for talent development. First, treat talent as the primary resource. Prioritize collaboration across government, industry, and academia. Second, foster an open and inclusive innovation ecosystem. This removes barriers to talent growth. It is essential for boosting original innovation capabilities and solidifying basic R&D. Third, the committee must transform itself. It must adapt to industry restructuring and the rise of AI to upgrade its research and service systems.

The auto industry is navigating a once-in-a-century technological cycle, Fu concluded. Opportunities and risks coexist. To achieve high-quality development, the sector must reinforce its talent base. A steady supply of high-caliber talent is crucial for sustaining long-term growth in China's automotive industry.

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