车展观察丨“链”上世界：中外目光再次聚焦上海车展，融合共进趋势不改

Core Viewpoint - The 2025 Shanghai International Auto Show highlights the global appeal and strength of the Chinese automotive industry, showcasing nearly a thousand manufacturers and supply chain companies from 26 countries amidst escalating tariff wars [1][4]. Group 1: Industry Dynamics - The auto show is expected to attract nearly 10,000 overseas dealers, indicating strong international interest in the Chinese automotive market [1]. - In 2024, China maintained its position as the world's largest automotive market for the 16th consecutive year, with vehicle production and sales leading globally [1]. - China's automotive exports exceeded 6.4 million units in 2024, marking a second consecutive year of leading global exports [1][4]. Group 2: Impact of Tariff Wars - The tariff wars have not deterred Chinese automotive companies from expanding internationally, with a focus on markets like Europe, while exports to the U.S. remain minimal at 11,600 units, accounting for only 1.81% of total exports [4]. - Executives from major companies, such as SAIC-GM, express confidence in their high localization rates, with over 95% of parts sourced domestically, mitigating the impact of tariffs [7]. - The ongoing tariff disputes have prompted some U.S. automakers to pause exports to China, while others are adapting their strategies to maintain market presence [7][8]. Group 3: Future Opportunities - Executives believe that crises can present new opportunities, with a focus on enhancing local operations and global collaboration [9]. - Companies like Nissan are committed to exporting models developed in China, aligning with their strategy of "in China, for China, and to the world" [9]. - The Chinese automotive industry is positioned as a leader in electrification and smart technology, attracting increased foreign investment [8][9]. Group 4: Challenges for Component Suppliers - China's exports of automotive components to the U.S. reached $17.15 billion in 2024, representing 15.6% of total component exports, indicating potential vulnerabilities due to tariff impacts [10]. - The lithium-ion battery exports also saw significant growth, with a total of $15.32 billion, highlighting the importance of this sector [10]. - Experts warn of a potential sharp decline in exports of components to the U.S. due to tariff measures, urging local suppliers to diversify their markets and enhance risk management [10].