2023 China Auto Forum: NEV Development Activities and Strategies

BYD, FAW Group, GAC Group, TELD, CAAM

2023/08/08

Summary
BYD: Development direction of BEVs, PHEVs, drive batteries, and charging technology
FAW Group: BEV Development Trends and Hongqi Brand Low Carbon Technology Practices
GAC Group: Targeting sales of CNY 1 trillion and production and sales volume of 4.75 million units in 2030
TELD: Building a virtual power plant with a charging network + microgrid + energy storage network
CAAM: Current status of FCV industrialization development and related proposals

Summary

2023 China Auto Forum venue

The 2023 China Auto Forum, organized by the China Association of Automobile Manufacturers (CAAM), was held July 5 through 7 in Shanghai's Jiading District. A total of 18 meetings were arranged, including one closed-door summit, one convention forum, and 16 thematic sessions, attended by representatives of government agencies, industry associations, vehicle and component manufacturers, science and technology companies, universities, and research institutes. More than 200 guests gave presentations and more than 2,000 people attended the event. In addition, 16 automakers (state-owned, privately-owned, and start-up companies) jointly signed a commitment letter for maintaining a fair competition market order in the automotive industry.

This report introduces excerpts of some of the presentations on the development activities and strategic plans for New Energy Vehicles (NEVs) from thematic session 1 “The 5th Global Auto Technology Leaders' Summit,” session 2 “Strategy Guiding Innovation and Integration,” and session 11 “Green Transformation and Industrial Development”. The speakers were from BYD, FAW Group, GAC Group, TELD, and CAAM.

BYD presented future development directions in the areas of BEVs, PHEVs, drive batteries and charging. FAW Group introduced the current status of the BEV industry, its development trends, and the implementation of the Hongqi brand’s low-carbon technologies. GAC Group announced the "Trillion GAC 1578 Development Outline" and set its production and sales target of 4.75 million units by 2030. TELD focused on carbon neutrality and virtual power plants through a "charging network + microgrid + energy storage network," while CAAM introduced the development status of FCV industrialization and made proposals related to FCVs.

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