The global auto industry will usher in a new turning point

Tesla announced 484,500 vehicle deliveries in the fourth quarter of 2023, slightly higher than market expectations. However, comparative data show that BYD's sales of pure electric models in China totaled 526,400 in the fourth quarter, which means that BYD has surpassed Tesla to become the world's largest pure electric vehicle manufacturer.

As the world's largest mass consumer goods, automobiles are also the core of supporting the entire economy. The automobile industry has long been led by the United States, Germany and Japan, and has become an important economic driver for these countries. In recent years, the rapid rise of China's automobile industry has formed a huge new energy vehicle production capacity, a large number of new energy vehicle manufacturers and the mature accumulation of advanced technology, and has led the world in the field of electric intelligent vehicles, which undoubtedly gives new inspiration to the global automobile industry.

Japan's Honda is considering building a large electric vehicle plant in Canada with a total investment of up to $14 billion, which would be one of the largest outbound investments by a Japanese automaker, Japanese media reported. Japanese cars occupy an important position in the global automobile market, but the new energy transformation of Japanese cars is obviously lagging behind. If the news is true, it would be the latest move by Japanese automakers represented by Honda to accelerate the global layout of electric vehicles.

In recent years, the global automotive industry has experienced one big turning point after another. From the transition from traditional fuel vehicles to electric vehicles, to the rapid development of intelligent technology, the automotive industry is facing new challenges and opportunities.

First of all, the rise of electric vehicles is a major turning point for the global automotive industry. More and more countries and regions have introduced policies to support the development of electric vehicles, and the technology of electric vehicles is also improving. Electric vehicles have the advantages of zero emissions and low energy consumption, and are favored by consumers. Many automakers have launched electric vehicle models and are investing more in research and development. This shift has not only changed the pattern of the automotive industry chain, but also changed consumers' attitudes towards cars and purchasing decisions.

Secondly, the rapid development of intelligent technology has also brought great changes to the automotive industry. With the continuous progress of artificial intelligence and Internet technology, cars have become "mobile intelligent terminals" with more intelligent functions. Intelligent driving, intelligent interconnection, intelligent services, etc., have become a new trend in the development of automobiles. Many car manufacturers have partnered with technology companies to launch intelligent car products to provide consumers with a better travel experience. The application of intelligent technology not only improves the safety and convenience of automobiles, but also drives the innovative development of related industries.

Finally, the global automotive industry is also facing the pressure of new energy and environmental protection. With the increasingly prominent problem of global climate change, countries have higher and higher requirements for environmental protection. More and more countries have adopted measures to restrict the sale of fuel vehicles and promote new energy vehicles, which has promoted the development of the automobile industry in the direction of environmental protection. Automobile manufacturers have increased the research and development and production of new energy vehicles to meet the needs of the market, and have made a series of breakthroughs in the development of new energy technologies.

At present, the global automobile industry is ushering in a new stage of electrification, intelligence and low-carbon, and factors such as electric vehicles, intelligent technology and new energy are changing the pattern of the automobile industry chain and promoting the development of the automobile industry in a more environmentally friendly and intelligent direction. In this process, car manufacturers need to actively respond to challenges, accelerate technological innovation and transformation and upgrading to meet the needs of the market, and fully adapt to the new turning point of the global automotive industry.