CDL(US:CDEVY) Zhong Guo Jing Ying Bao·2025-04-27 09:31Core Insights - The report titled "2025 Shanghai Intelligent Automotive Development White Paper" was jointly released by PwC and the Shanghai Modern Service Industry Association, focusing on the automotive industry's transformation from a regional perspective [1][2] - The global automotive market is experiencing moderate growth, with projected sales exceeding 90 million units in 2024, driven by economic recovery and increasing consumer demand [2][3] - China's automotive industry has become a key pillar of the national economy, with production and sales surpassing 31 million units in 2024, and the industry value reaching 10.65 trillion yuan [3][4] Industry Trends - The global automotive market is undergoing significant changes due to technological disruption, climate change, and geopolitical shifts, with electric and intelligent vehicles leading the transformation [2][3] - In 2024, the penetration rate of new energy vehicles in Shanghai is expected to reach 68%, highlighting the city's leadership in the sector [2][3] - The automotive industry in Shanghai has established a "4+N" industrial service cluster, integrating manufacturing, R&D, and international collaboration, which enhances the overall competitiveness of the industry [4][5] Future Outlook - The future development of the automotive industry in China includes ongoing electrification, intelligent upgrades, and innovation in the supply chain and business models [3][4] - Shanghai aims to transition from automotive manufacturing to industrial services, creating a sustainable automotive ecosystem with global influence [6] - The city is positioned to lead the global automotive industry towards a new era of smart transportation and diversified industrial services [6]