After retail sales of new-energy vehicles in the Chinese market surpassed those of fuel vehicles for two consecutive months, fuel vehicles, which are gradually becoming a niche choice, are once again fighting a price war.On 24 September, Buick announced the launch of the new-generation Buick Enclave Plus with its starting price further reduced to 169,900 yuan. This price is a 60,000 yuan cut from its guide price of 229,900 to 259,900 yuan.This move is not an isolated case, as a number of models such as Passat, Dzire and Mondeo have recently adopted similar pricing strategies, further confirming the trend of pragmatic pricing in the fuel car market.Some consumers say that the promotional efforts of popular joint venture models such as the Passat and Camry, which have been reduced to less than 150,000 yuan, were ‘unthinkable in the past’.In terms of trends, the rapid growth of the new energy vehicle market has exacerbated the competitive pressure on fuel vehicles, and during the traditional low season of July and August, new energy vehicles delivered some of the best sales figures in history, further eroding the market share of fuel vehicles.Behind this trend is the growing concern of consumers for environmental protection and economy. According to statistics, the monthly sales penetration rate of new energy passenger car market in July and August has consecutively exceeded 50%, making fuel cars face unprecedented challenges.In order to seize the traditional ‘Golden Nine and Silver Ten’ sales season, major automobile companies have made price adjustments for new cars on sale and to be listed at the Chengdu Auto Show in late August and early September, further promoting the escalation of the price war.A distinctive feature of this round of fuel car price war is the ‘direct official price cut’. This type of price adjustment is different from previous time-limited offers or individual dealer price cuts, and it is widely believed that straightforward price adjustments help guide consumers to place orders and reduce wait-and-see sentiment.Since the beginning of 2023 to the present, car companies have tended to use limited-time offers or price adjustments through dealers. This has instead spawned waiting behaviour and shop comparisons among consumers, making it difficult to translate concessions into actual sales.It should be noted that a recent report submitted by the Automobile Dealers Association shows that current auto dealers are generally facing losses in new car sales, with increased risk of cash-flow deficit operations and broken capital chains.The intensification of the price war has led to a rise in the overall discount rate, and the cumulative loss of the overall retail market in the first eight months reached 138 billion yuan, which has forced many automobile companies to sell at a loss through price reductions in order to generate cash flow as much as possible and to complete the inventory clearance.On the other hand, the price-cutting strategy may bring about an increase in sales volume in the short term, but in the long run, the price war will undoubtedly be a test of the industry's profitability.Independent brands in the replacement of joint venture brands to become the protagonist of the market, generally faced with the dilemma of ‘increasing revenue does not increase profits’. Data show that in the first half of the year, the net profit of 30 major domestic automobile listed companies and only 1/3 of Toyota, about 2/3 of the Volkswagen Group.Source: Interface News

According to the Defective Product Recall Technical Centre of the State Administration for Market Supervision, Mercedes-Benz (China) Automobile Sales Co. and Beijing Benz Automotive Co. have filed a recall plan with the State Administration for Market Supervision in accordance with the ‘Regulations on the Administration of Defective Automotive Product Recalls’ and the ‘Measures for Implementing the Regulations on the Administration of Defective Automotive Product Recalls’. Since 27 November 2024, some imported A-Class, B-Class, CLA and GLA vehicles with production dates between 30 August 2011 and 3 April 2019, totalling 241,861 vehicles, and some domestic GLA vehicles with production dates between 13 March 2014 and 12 October 2019, totalling 281,233 vehicles, have been recalled.Some vehicles within the scope of this recall are due to insufficient moisture-proof performance of the wheel speed sensor housing material, and when the vehicle is used for a long period of time in hot and humid environments, the wheel speed sensor may malfunction, resulting in the deactivation of some of the functions of the electronic body stabilisation system (e.g., ESP, ABS, etc.), which poses a potential safety hazard.The recall was carried out in the context of a defect investigation initiated by the State Administration for Market Supervision. Affected by the investigation, Mercedes-Benz (China) Automobile Sales Co., Ltd. and Beijing Benz Automotive Co., Ltd. will, through Mercedes-Benz authorised dealers, inspect the wheel speed sensors free of charge for the vehicles within the recall scope, and replace them if they belong to a specific part number range, in order to eliminate the safety hazard.Mercedes-Benz (China) Automobile Sales Co., Ltd. and Beijing Benz Automotive Co., Ltd. will notify the concerned vehicle owners of this recall by registered mail or other means. Users can call the service hotline: 400-818-1188 for enquiry via landline or mobile phone (service hours are 24 hours a day, Monday to Sunday).Declaration: This article comes from the Xinhua News.If copyright issues are involved, please contact us to delete.

Last week! There are only 6 days left before the opening of CAPAFAIR 2024 Ningbo International Auto Parts Fair! Do you still have a lot of questions? We have collected the most concerned questions for you to answer, prepare in advance to be able to participate in the exhibition without worry!Q1：What are the specific visiting hours of the show?A1: CAPAFAIR 2024 will be held on 26-28 September at Ningbo International Convention & Exhibition Centre.Visitor admission time is as follows:26th September (Thursday) 9:00-16:3027th September (Friday) 9:00-16:3028th September (Saturday) 9:00-14:00Q2: Do I need to buy a ticket for CAPAFAIR 2024?A2: Admission is free, no ticket required! CAPAFAIR 2024 is open to professionals only, advance or on-site registration is required, and no one under the age of 18 will be admitted.Q3: How do I get a visitor's pass?A3: Scan the QR code below to register for a visitor's pass, and show your QR code or ID card at the show to gain entry. Click the link for registration: https://m.capafair.com/check_in?expo_id=3&inviter=105976 Q4: Is the exhibition content the same for all three days of the show?A4：All exhibitors participate in the three-day exhibition period, presenting exhibits adjusted by exhibitors themselves.Q5: What about catering in the venues?A5: There are restaurants on the first floor of the centre halls of Halls 2/3 and 5/6, on the east side of Halls 1 and 4, and on the east side of Halls 7 and 8. In addition, there are a number of coffee, snack and beverage vending areas in the venues, so you can arrange for your own time to eat.Special reminder: Takeaways are not allowed to enter the exhibition halls, please do not order takeaways inside the exhibition halls!Q6: How can I quickly find my favourite exhibitors/exhibits/buyers at CAPAFAIR 2024?A6: CAPAFAIR online exhibition service platform - capafair.com. The platform automatically and efficiently matches supply and demand through an intelligent matching system.Buyers can search for exhibitors, exhibits or booths online and get the booth number with one click; they can also enter their current location and target booth through the ‘Pavilion Navigator’ function to check the optimal route.Q7: Is there a paper visitor guide?A7: Visitor guides are available at the 3 entrances of CAPAFAIR 2024 South, North and West, which contain floor plans of the 8 exhibition halls and exhibitors' lists.You can also use the online platform and use the pavilion navigation function to quickly find your target booth.Scan the code to enter the pavilion navigationQ8：Which transport mode is more convenient to choose to go to the show?A8：Buyers can go to the fair by themselves by driving, metro or bus.Metro: Take Line 5 to Exit B of Ningbo Convention & Exhibition Centre Station.By car or taxi: Navigate to Ningbo International Convention and Exhibition Centre (No. 181, Huizhan Road)CAPAFAIR 2024 has opened free shuttle buses from Shanghai, Hangzhou, Yiwu and other important neighbouring cities to the exhibition site.Q9: How to solve the parking problem at the venue?A9: There are more than 2,000 parking spaces in the area of Ningbo International Convention & Exhibition Centre, which can hardly meet the parking needs of exhibitors and buyers of CAPAFAIR 2024.When you arrive at the exhibition hall by car and the parking space is full, you can go along the Convention and Exhibition Road (south of the Convention and Exhibition Centre) to park in the basement of Hall 10 and Hall 11, where there are more than 1,000 free parking spaces each, and walk to the exhibition hall for about 300 metres after parking.Special Reminder: The exhibition is very crowded and public transport is recommended!Q10: Who can enter the ‘Invited Buyer Service Area’?A10: CAPAFAIR 2024 has set up a special ‘Invited Buyer Service Area’ in Hall 7 to provide invited buyers with the convenience of business negotiation and upgraded services such as refreshments and breaks. What is an invited buyer? How to become an invited buyer? please check the exhibiton news above.Q11: Is there a place to store my luggage?A11: Luggage storage is available at all three visitor entrances to the exhibition halls, and large luggage can be stored nearby.

Khalid Al Ouadi, Head of Public Transport Systems Management at the Roads and Transport Authority of the Dubai Transport Authority, recently announced that Dubai's first air taxi stand will be announced soon and is expected to be officially operational in the first quarter of 2026. The project will initially have four stations, with more details to be announced later.Ovadi made the announcement on the sidelines of the recent Intelligent Transportation Systems Conference and Exhibition, Emirates News Agency reported on 18 September. The air taxi project is one of Dubai's pioneering initiatives in the field of airborne autonomous transport, aiming to provide a modern and efficient mode of transport with a focus on connecting key areas of the city such as hotels and airports.Taylor Trilotta, General Manager, Middle East, Gobee Aviation, said the air taxi service is expected to launch in the first quarter of 2026, with early operations likely to be realised by the end of 2025. The first phase will include four strategic landing sites at Dubai International Airport, Downtown, Dubai Marina and Palm Jumeirah, and the project will see the construction of dedicated take-off and landing zones, electric charging facilities, passenger zones and security screening areas.Electrically powered and environmentally friendly, the air taxis will be able to carry four passengers and a pilot at speeds of up to 320 kilometres per hour and a range of 160 kilometres. Compared to helicopters, air taxis operate more smoothly and quietly, with noise levels not exceeding 45 decibels, effectively mitigating urban noise pollution.Trilotta pointed out that air taxis will significantly reduce the travelling time from Dubai International Airport to The Palm from the existing 45 minutes to 10 to 12 minutes, which will help reduce traffic congestion in the city and enhance the travelling experience. In addition, the rollout of air taxis will help reduce reliance on traditional modes of transport, lower carbon emissions and support Dubai's sustainable development goals.The project is being taken forward on the basis of an agreement signed at the Dubai Global Government Summit, where Gobee Aviation was granted an exclusive licence to operate air taxis in Dubai for a period of six years. The agreement covers route planning, infrastructure development and aircraft supply to ensure the smooth implementation of the project.Declaration: This article comes from the East Money.com.If copyright issues are involved, please contact us to delete.

China Association of Automobile Manufacturers (hereinafter referred to as CAAM) latest released data show that in August China's new energy vehicle production and sales year-on-year to maintain the trend of rapid growth in new energy vehicle sales accounted for the proportion of new car sales continued to improve. (File photo)Data show that in August, China's new energy vehicle production and sales were completed 1,092,000 and 1,100,000 respectively, an increase of 29.6 per cent and 30 per cent year-on-year, and new energy vehicle new car sales reached 44.8 per cent of the total new car sales.From January to August this year, the production and sales of new energy vehicles were completed 7.038 million and 7.037 million respectively, up 29% and 30.9% year-on-year, and the sales of new energy vehicles reached 37.5% of the total sales of new vehicles.In terms of exports, in August, 110,000 new energy vehicles were exported, up 22% year-on-year; from January to August, 818,000 new energy vehicles were exported, up 12.6% year-on-year.According to the analysis of CAC, since the National Development and Reform Commission and the Ministry of Finance issued the ‘Several Measures on Strengthening Support for Large-Scale Equipment Renewal and Consumer Goods Replacement’ on 25 July, the subsidy for automobile scrapping and renewal has been stepped up, and the average daily number of applications for subsidies for scrapping and renewal in August exceeded ten thousand. Some provinces and cities have also introduced replacement and renewal policies, and market consumption enthusiasm has been further stimulated, especially the strong performance of new-energy vehicles, which has boosted the growth of automobile production and sales on a year-on-year basis.Source: Declaration: This article comes from the Xinhua.If copyright issues are involved, please contact us to delete.

The much-anticipated CAPAFAIR 2024 will be held on 26-28 September at Ningbo International Convention and Exhibition Centre.CAPAFAIR 2024 will be held on 26-28 September. CAPAFAIR 2024 will be held in all the exhibition halls of Ningbo International Convention and Exhibition Centre (Halls 1-8), where 1895 exhibitors, 35,000 global buyers, more than 100,000 exhibits, and several concurrent events will be displayed in a 51,650-square-foot exhibition hall. parts industry, the No.1 industry in Ningbo, will once again attract the attention of the world.Unprecedented Scale 1895 Exhibitors Ready to AttendNingbo, as an important window for China's foreign trade and a key link in the automotive industry chain, provides a solid foundation for the success of CAPAFAIR 2024 with its unique geographic location, outstanding advantages in foreign trade and profound manufacturing heritage.CAPAFAIR 2024 was held in a full hall at Ningbo International Convention and Exhibition Centre, with a total exhibition area of 51,650 square meters and 1,895 exhibitors, both of which were significantly higher than those of the previous edition, placing the exhibition scale in the forefront of many domestic auto parts exhibitions, second only to Automechanika Shanghai.Exhibitors from 21 provinces, municipalities and autonomous regions of China and Hong Kong SAR have been assembled and ready to go, and the more than 100,000 exhibits include automotive components and assemblies, automotive electrics and electronics, automotive supplies and modifications, digital and intelligent systems, repair, testing and maintenance, and processing technology and equipment, covering the entire industry chain of automotive parts and accessories and the aftermarket.The geographical distribution of exhibitors is even wider, covering the Yangtze River Delta, Pearl River Delta, Beijing-Tianjin-Hebei and other core areas of the automotive industry. High-quality manufacturers from Ningbo / Wenzhou / Taizhou, Xingtai / Cangzhou, Changzhou / Zhenjiang, Liaocheng, Guangzhou and other national heavyweight auto parts industry bases gathered here, bringing buyers diversified product choices and cross-regional supply chain resources and opportunities for co-operation.Global Attention and Attractive AttendanceAs the only export-orientated auto parts and aftermarket trade show in China, CAPAFAIR 2024 has been growing in influence and attraction, and has already attracted more than 16,000 pre-registered buyers, including import and export companies, cross-border e-commerce/electronic merchants, foreign merchants, as well as OEMs and their first and second-tier suppliers, and automotive aftermarket agents/wholesalers/distributors and other professional buyers. Buyers, including foreign trade category (foreign businessmen, import and export companies, cross-border e-commerce) registered more than 4,000 people, is expected to final admission buyers will be more than 35,000 people.The global promotion of CAPAFAIR 2024 Ningbo, especially the upgrading of the exhibition scale, has attracted more overseas buyers' strong interest. Up to press time, registration confirmation has been received from 310 overseas buyers from 39 countries and regions, including Vietnam, Malaysia, the United Arab Emirates, Russia, the United States, Singapore, Australia, Colombia, etc., and some of the buyers have submitted their purchasing lists in order to match exhibitors more precisely. Among them, purchasing groups organised by automotive aftermarket trade associations from Malaysia, Vietnam and other countries have also been assembled, and they are looking forward to finding more quality suppliers and obtaining more stable supply chain solutions through the platform of CAPAFAIR 2024.Overseas buyers and import/export companies, cross-border e-commerce buyers bring diversified sourcing needs and business cooperation opportunities, providing exhibitors with valuable opportunities to expand the international market.In order to better serve the domestic and overseas professional buyers, CAPAFAIR 2024 will not only open free shuttle buses from Shanghai, Hangzhou, Yiwu, Wenzhou and other important neighbouring cities to the exhibition site, which will bring buyers safe, comfortable and convenient travelling services, but also set up a special ‘Invited Buyers’ Service Area’ on the exhibition site to provide convenience for business negotiations, refreshments, rest, etc. for the invited buyers. There will also be a special ‘Service Area for Invited Buyers’ on the exhibition site to provide the convenience of business negotiation as well as refreshments, rest and other upgraded services for the specially invited buyers.Digital Empowerment Industry Forum to seek common developmentCAPAFAIR 2024 is not only a platform for displaying and trading products, but also an event for the collision of ideas and the fusion of wisdom. In order to explore the future development potential of auto parts and after-sales service, a number of thematic forums on industrial innovation and development, cross-border e-commerce, intellectual property rights protection and risk prevention, as well as new materials and product launches will be held concurrently during the exhibition.Ningbo Auto Parts Industry Association, one of the organisers, has carefully prepared the ‘Innovation Forum for High-Quality Development of Automotive Industry’, inviting experts in the field of new energy vehicles and flying cars, as well as the pioneers of technological innovation in the automotive industry, to discuss in-depth the paths and strategies for the transformation and upgrading of the automotive industry.Amazon, as a leader in cross-border e-commerce, will share the official support for new sellers, product selection guide for auto parts, B-side opportunities and successful cases on Amazon, so as to build a bridge to the global market for Chinese auto parts sellers and realise the international layout of their brands and products.Ningbo Mediation Centre of China Council for the Promotion of International Trade (CCPIT) provided in-depth explanations on topics such as the application of commercial mediation in the settlement of international economic and trade disputes and the protection of intellectual property rights and risk prevention for enterprises going abroad, providing professional legal guidance and risk prevention and control strategies.Xinyuan Chemical (Shandong) Co., Ltd. will bring its latest R & D results to the exhibition, held the theme of ‘Fluorosilicone Rubber Materials in Engine Application’, as a national high-tech enterprises, national speciality and speciality new small giants enterprises, Xinyuan Chemical is committed to the research and development of high-end new materials and rubber products, production, and has formed the ‘Tetrachloropropane-1,4-dichloropropane (TCPP)’. ‘Tetrachloropropane, Trifluoropropylene, D3F, Fluorosilicone Rubber and Rubber Products’ complete production chain.It is worth mentioning that, in order to improve the quality of exhibition services and speed up the purchasing efficiency of buyers, CAPAFAIR 2024 has built an online exhibition service platform - capafair.com, which combines the four functions of exhibition, trade, information and social networking, by digital means. The platform can provide buyers with instant online purchasing information and exhibitors with accurate product information. Through an intelligent matching system, the platform will automatically match supply and demand efficiently and provide customised one-to-one services. After the exhibition, the platform will continue to provide online services for exhibitors and buyers, and users can query or publish enterprise news, procurement information, and learn the latest information about the auto parts industry through the platform at any time.‘The automotive industry is Ningbo's traditional advantageous industry, but also focuses on building trillion-dollar industrial clusters. Ningbo and the surrounding areas have brought together many leading auto parts companies, forming a strong industrial cluster effect, contributing to the progress of the Chinese and even the global automotive industry. All along, the Ningbo International Auto Parts Show has received attention and support from many parties, and we will continue to optimise the service process and improve the quality of the show to provide more diversified display opportunities for exhibitors, create more accurate docking channels for buyers, and jointly promote the in-depth integration and synergistic development of the upstream and downstream enterprises in the automotive supply chain.’ Wang Hong, Secretary General of Ningbo Auto Parts Industry Association, said.CAPAFAIR 2024 is under the guidance of Ningbo Municipal Committee of China Council for the Promotion of International Trade, Ningbo Municipal Bureau of Commerce, Ningbo Municipal Bureau of Economy and Informatization, Ningbo New Energy Vehicle Research Institute, and is co-hosted by Ningbo Automotive Parts Industry Association and Ningbo Oriental Harbor International Exhibition Company Limited, and the exhibition has been supported by Ningbo Automotive Parts Industry Cluster Development Promotion Centre, Ningbo The exhibition is supported by Ningbo Auto Parts Industry Cluster Development Promotion Centre, Ningbo Yinzhou Auto Parts International Chamber of Commerce, Cixi Auto Parts Industry Association, Yuyao Auto Parts Association, Ninghai Auto Parts Association, Ningbo Auto Parts Industry Innovation Service Complex, Rui'an Automobile and Motorcycle Parts Industry Association, Jinhua Automobile and Motorcycle Industry Association, Xuancheng City Automobile Parts Industry Association and other industry organizations.CAPAFAIR 2024 （Ningbo International Auto Parts & Aftermarket Fair）is about to open, and we are looking forward to friends from the automotive industry to gather in Ningbo on 26-28 September to celebrate the grand event!

A file photo of the Volkswagen logo taken in Wolfsburg, Germany. AFP/USAVolkswagen Group said in a statement on the 2nd that the company is considering closing one of its car manufacturing plants and one parts plant in Germany for the first time and terminating an employment protection agreement that has been in place since 1994 in a bid to further cut expenses.Volkswagen passenger car brand profit margins have been low for a long time, and the company hopes to improve its financial situation by reducing costs. However, cost-cutting has become more difficult as consumer spending has slowed during the transition to electric vehicles. In a statement, Volkswagen Group's chairman of the board of management, Ogbomu, said, ‘The general environment has become tougher and Germany is gradually falling behind in terms of competitiveness.’VW currently employs about 650,000 people worldwide, nearly 300,000 of whom are in Germany. The closure plan, if implemented, would be the first time in Volkswagen's history that a plant has been shut down in Germany, and could lead to conflict with VW's labour council in Germany. Daniela Cavallo, chairwoman of VW's labour committee, said the committee would ‘strongly oppose’ the board's proposal.Declaration: This article comes from the Internet.If copyright issues are involved, please contact us to delete.

According to US media reports, on 31 August local time, the US National Highway Traffic Administration said Ford is recalling 90,736 trucks in the US because the vehicles' engine safety intake valves could rupture during driving. The recall involves some 2021 to 2022 models of the Spirit, F-150 Raptor, Renegade, Explorer, Lincoln Voyager and Lincoln Aviator equipped with the 2.7-litre or 3.0-litre Upgrade Programme start-up update.The National Highway Traffic Safety Administration said that as part of the barrier measures, Ford dealers will conduct free engine cycle tests and subsequently replace the engines for owners of the vehicles in question.Declaration: This article comes from the CCTVNEWS client.If copyright issues are involved, please contact us to delete.

From 26-28 September, CAPAFAIR 2024 will kick off at Ningbo International Conference and Exhibition Centre, injecting new vitality and inspiration into the global auto parts industry.Highlight 1: Eight exhibition halls, 51650 square metres of unprecedented exhibition areaCAPAFAIR 2024 is fully upgraded and for the first time, all eight exhibition halls of Ningbo International Conference and Exhibition Centre will be used, with a total exhibition area of 51,650 square metres, a surge of 50% compared with the previous session. The eight exhibition halls will be fully opened to meet the auto parts people from all over the world and witness this unprecedented scale auto parts industry event. Highlight 2: 1,805 exhibitors competing on the same stage, domestic and foreign enterprises gathered togetherThe booths of CAPAFAIR 2024 have all been sold out, and this exhibition has gathered 1805 exhibitors from 21 provinces, municipalities and autonomous regions of China and Hong Kong SAR, covering the core area of automotive industry in Yangtze River Delta, Pearl River Delta, Beijing-Tianjin-Hebei and other areas, and bringing together the heavyweight automotive industry bases of Wenzhou/Yuhuan of Zhejiang Province, Xingtai/Cangzhou of Hebei Province, Linqing of Shandong Province, Changzhou of Jiangsu Province and other national auto parts industry bases. Many industry strength enterprises gathered together, competing to display the latest products and technologies.Highlight 3: Comprehensive Coverage of Six Sections, One-Stop Purchasing for the Whole Industry ChainCAPAFAIR 2024 will focus on industry segments and make more professional classification of exhibits. The exhibition will be divided into six segments, including automotive parts and components, automotive electrics and electronics, automotive supplies and modification, digital and intelligent systems, repair, testing and maintenance, as well as processing technologies and equipments, which will cover the whole industry chain of the auto parts industry and provide one-stop and all-around purchasing service for buyers.Highlight 4: International buyers come in droves, with more than 35,000 buyers joining the grand eventCAPAFAIR 2024 has successfully attracted 168 overseas buyers from 28 countries and regions, including Malaysia, Australia, Vietnam, Peru, etc., through an all-round and multi-channel buyer invitation strategy. As of press time, the number of pre-registered buyers for the show has reached 14,200, including cross-border e-commerce/electronic business, OEMs and their primary and secondary suppliers, automotive aftermarket agents/wholesalers/distributors, and other professional buyers, of which more than 4,000 are registered in the foreign trade category (foreign merchants, import and export companies), and it is estimated that the final admission of buyers will be more than 35,000 people.Highlight 5: Deep integration of online and offline, intelligent matching and efficient dockingCAPAFAIR 2024 has not only achieved a qualitative leap in offline scale, but also built an exclusive service platform online. The platform integrates the four functions of exhibition, trade, information and socialising, which can provide buyers with online instant release of purchasing information and exhibitors with accurate display of product information. Through the intelligent matching system, the platform will automatically carry out efficient docking and matching for both supply and demand sides, helping exhibitors to expand their achievements and speeding up the purchasing efficiency of buyers.Highlight 6: Free buses will accompany the exhibitors, and the exhibition service will be upgraded comprehensively.While the online experience is easy and convenient, the offline service is also full of sincerity. CAPAFAIR 2024 has opened free shuttle buses from Yiwu, Wenzhou, Shanghai, Hangzhou and other popular cities to the exhibition site, which will bring buyers safe, comfortable, convenient and fast exhibition services. In addition, the show also set up an ‘Invited Buyer Service Area’ to provide refreshments, rest, business negotiation and other upgraded services for global important buyers with clear purchasing intention.Highlight 7: Exciting concurrent activities, professional exchanges and future dialogueDuring the exhibition, a number of high-quality theme forums, new product launches and other concurrent activities will be held simultaneously. These activities will focus on industrial development, industry trends, technological innovation and other hot topics to carry out in-depth discussions and exchanges, which will greatly enrich the connotation of the exhibition and enhance the overall value.This global auto parts industry event is now within reach, so hurry up and complete your visit registration! Let's look forward to the grand opening of CAPAFAIR 2024 and witness the brilliant future of the auto parts industry!

Against the backdrop of the booming global automobile industry, China's automobile and its parts industry has occupied a pivotal position in the international market by virtue of its advanced production technology and perfect supply chain system. With the rise of the pet economy and changes in the travel habits of overseas consumers, a new market segment - the pet auto parts market is quietly rising overseas, becoming the focus of industry attention.Blue Ocean Potential of Pet Auto Parts MarketAccording to Google Trends data, in the past 90 days, the global search heat of the term “pet travel” (pet travel) has continued to be high, showing that the close integration of pets and automobile travel has become a new life trend. Especially in countries and regions such as Qatar, the United Arab Emirates, New Zealand and Australia, users are particularly concerned about pet travel. The Investment and Finance Research Institute points out that behind this trend is the pursuit of high-quality and high-freedom lifestyles by Generation Z consumer groups, who are more willing to bring their pets along to enjoy the fun of outdoor self-driving, thus driving the rapid growth of the pet auto parts market.Hot Sales Trend and Consumer PreferenceAccording to the sales data on Amazon.com, pet car seats have become hot-selling products, with monthly sales easily exceeding thousands of units, with prices ranging from $17.59 to $79.99. These hot-selling products generally have “waterproof”, “adjustable harness”, “portable and breathable”, “removable” and “waterproof” features. These hot-selling products generally have “waterproof”, “adjustable seat belt”, “portable and breathable”, “removable”, “easy to use”, “easy to remove”, “easy to use”, “easy to use”, “easy to remove”, and “easy to use”. These hot-selling products generally have core functions such as “waterproof”, “adjustable harness”, “portable and breathable”, “detachable”, “easy to clean”, etc., which meet the needs of pet owners in different scenarios. The Investment and Finance Research Institute believes that as consumers' requirements for product quality and experience continue to improve, the pet car accessories market will pay more attention to the innovation and practicality of products.In terms of material selection, environmentally friendly and durable, waterproof and easy-to-clean materials have become the mainstream trend. Meanwhile, in order to enhance the comfort of the pet's ride, sellers have adopted ergonomic design and advanced material technology. For example, breathable materials with PVC mesh surfaces are favored for their good breathability and comfort. In addition, multifunctionality is also one of the key concerns of consumers, such as the design of pet car seats doubling as carriers or travel beds, which further meets the diversified needs of pet owners.How to Layout Overseas MarketIn the face of this blue ocean market full of opportunities, the Investment and Financing Research Institute offers the following suggestions for entrepreneurs who want to engage in cross-border e-commerce in this field.Precise positioning and market research: Understand the pet keeping preferences and traveling habits of the target market, and aim at the demand of segmented scenarios, so as to provide strong support for product design and marketing.Social media marketing: Take advantage of the high traffic and strong dissemination of social media platforms such as TikTok, Instagram, Pinterest, etc., and increase product exposure and conversion rates through scenario-based marketing and vertical field seeding.Festive promotions and limited-time offers: Seize major festivals in overseas countries and launch promotional strategies such as full-price discounts and coupons, and utilize Shoptop and other e-commerce tools to create an atmosphere of hot sales and a sense of urgency through “limited-time promotions”.Continuous innovation and customized services: Continuous innovation in product design, providing customized services and personalized pet elements to meet consumers' pursuit of product uniqueness and personalization.The Investment and Financing Research Institute believes that the business of pet auto parts cross-border e-commerce, as an emerging and full of potential segment, will bring unprecedented development opportunities for entrepreneurs who dare to take risks and try. However, to stand out in this blue ocean, sellers need to have a keen market insight and continuous innovation, while focusing on product quality and user experience improvement. Only in this way can they stand invincible in the fierce market competition.Market data further confirms this trend. Relevant statistics, the global auto parts and accessories market size will grow from $697.84 billion in 2023 to $108.73 billion in 2031, with a CAGR of 5.7%. Meanwhile, finance.yahoo data shows that the global pet accessories market size is expected to reach $55.4 billion in 2030, with a CAGR of 6.8%. Among them, the pet car seat market, as an emerging segment, has particularly great growth potential. The Investment and Finance Research Institute believes that the market demand for pet car seats and other products will continue to expand as pet owners' awareness of pet travel safety improves.Declaration: This article comes from the China Youth Kandian.If copyright issues are involved, please contact us to delete.