On November 21, the 2020 China Automotive Industry Summit, hosted by 21st Century Business Herald and with the general theme of "Science and Technology Creating the Future", was held grandly at the Guangzhou Wanfu Hilton Hotel.

2020 is an extraordinary year. The impact of the COVID-19 epidemic has made the automotive industry, which is brewing changes in the cold market winter, have more profound structural adjustments.

The 2020 China Automotive Industry Summit consists of two major conferences, the China Automotive Finance Annual Conference and the China Automotive Innovation Summit. Focusing on different industry hot topics, 5 roundtable dialogues were held in one day.

At the Auto Finance Annual Conference in the morning, a roundtable discussion was held on two topics: how to tap new growth points for auto consumption and how technological innovation can improve service efficiency and quality. It demonstrated the important role of auto finance in promoting auto consumption. At the same time,

Auto finance must continue to innovate and improve quality with the help of scientific and technological means.

The Automobile Innovation Summit held in the afternoon centered on the theme of "Smart Electric Future".

In the video interview program "New Business Geography of Automobiles" jointly created by 21st Century Business Herald and China Electric Vehicles 100 People, the topic of "China's New Energy Vehicles, New Opportunities and New Challenges" was discussed in depth at this summit.

The reasons behind the explosion of the high-end and low-end new energy vehicle markets this year, and the pros and cons of the two modes of charging and battery swapping.

In addition, at this summit, 21st Century Business Herald also jointly released two blockbuster reports with other authoritative institutions.

On the same day, the 7th China Automotive (Finance) 50-person Forum Member Meeting (closed-door meeting) was also successfully held simultaneously, and a licensing ceremony was held.

At this summit, the results of the 2020 China Automobile "Golden Engine" Award were officially announced, and a grand awards ceremony was held on site.

1. The auto market is cautiously optimistic next year. Shen Jinjun, President of the China Automobile Dealers Association, pointed out in his opening speech at the 2020 China Automotive Finance Annual Conference held on the morning of November 21 that the COVID-19 epidemic has had a profound impact on our Chinese consumer habits.

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A series of pro-consumption policies have been continuously introduced and implemented, boosting the recovery of the industry.

The relevant policies that have been introduced this year have one characteristic: the accuracy of the policies is getting better and better, and the implementation of the policies is getting stronger and stronger.

Although the overall trend of the passenger car market shows positive growth at a basic level, it still faces great pressure.

This year, the differentiation between high and low end is particularly obvious: among them, luxury cars have shown stronger high-growth characteristics after the epidemic than before, with a year-on-year growth of more than 30%, while independent brands have changed from a relatively good state in the past to a relatively sluggish state now.

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"The core reason for the differentiation is not the differentiation of the manufacturers themselves, but the impact of demand. The traditional car market below 80,000 yuan has shrunk sharply; the market for cars above 250,000 yuan has shown high growth, and the growth rate in the past three years has been better than that of the industry;

Only about 10% of manufacturers have an average price of less than 80,000 yuan, while the proportion of luxury cars is more than 80%. "Cui Dongshu, secretary-general of the National Passenger Car Information Association, pointed out that the positioning of car companies and products determines the company's chance of survival.

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The "2020 China Automobile Consumption Trend Survey Report" jointly launched by the 21st Century Business Herald China Auto Finance Laboratory and Nielsen shows that as of now, 4S stores are still the mainstream channel for car purchases, but the Internet has gradually become a supplement and supplement for new energy vehicles.

Increasing channels, and online car purchase prices have increased, approaching offline channels. Discounts and time saving are the main reasons for choosing online channels. Among them, new energy vehicle users pay more attention to promotional factors and models that can be ordered online.

Among used car purchase channels, the proportion of people choosing e-commerce platforms has declined significantly, while online auctions have risen rapidly.

At the launch site, Mr. Wang Xiang, Vice President of Nielsen China, said: Compared with previous years, the credit penetration rate of traditional channels has increased steadily, while the Internet side has increased significantly.

Half of the users choose to use auto finance products; potential users are more accepting of financial products than existing and repurchasing users.

With the development of cloud computing, blockchain, artificial intelligence and other technologies, digital transformation has become a new driving force for the development of auto finance.

At the 2020 China Automotive Finance Annual Conference held in the morning, Enrique Mendoza, director and chief operating officer of SAIC-GM Finance Co., Ltd., delivered a keynote speech in the form of an online video. He pointed out that despite the current growth of the Chinese auto market

The growth rate has slowed down, but overall it is still very stable and has entered a mature stage of development. Therefore, the slowdown in growth rate is also normal.

GAC Huili Auto Finance Co., Ltd. is also applying more and more new technologies to auto financial services.

This year marks the 10th anniversary of the establishment of GAC Huili. Along the way, GAC Huili has continued to innovate financial products and services. This year, it launched Huiyi Angel Loans, parts financing, value-preserved repurchase products, and personal taxi products.

"In terms of smart auto finance, GAC Huili is committed to using various financial technologies in its business, actively embracing changes, and innovating in the digital era, and plans to provide auto financial services with the support it needs through technology." GAC Huili

Amir DJOURABTCHI, General Manager of Li Auto Finance Co., Ltd. said.