DFAC(SH:600006) 3 6 Ke·2025-12-05 08:16Core Viewpoint - The article contrasts the decline of Detroit, once a thriving automotive hub, with the revitalization of Shiyan, China, which is leveraging its automotive heritage to transition into a new era of green technology and diversified industry [1][3]. Group 1: Historical Context - Detroit was a prosperous city in the 1920s, known as the cradle of the American automotive industry, but faced economic decline due to reliance on a single industry and external competition [1]. - Shiyan, referred to as the "Oriental Detroit," began its journey in 1969 with a GDP of 460 million yuan, primarily relying on agriculture and small-scale industry [5][7]. - The establishment of the Second Automobile Manufacturing Plant (Dongfeng) in Shiyan transformed it into China's first independent automotive industrial base, leading to significant economic growth in the 1980s [7][9]. Group 2: Economic Challenges - In 2003, Shiyan faced economic difficulties as Dongfeng's headquarters moved to Wuhan, leading to a decline in industrial growth and raising concerns about a potential repeat of Detroit's fate [9][10]. - The city experienced a downturn, with industrial growth rates falling below the provincial average for three consecutive years [9]. Group 3: Transformation Strategies - Shiyan initiated a transformation strategy in 2007, focusing on supporting industrial enterprises with over 100 million yuan in revenue, resulting in a significant increase in automotive parts manufacturers [10][12]. - The city embraced the new energy era, encouraging local enterprises to pivot towards electric and hybrid vehicles, which led to a diversification of its industrial base [12][14]. Group 4: New Energy and Technological Advancements - By 2024, Shiyan's production of new energy vehicles surged to 107,000 units, with a 264% increase in new energy heavy trucks, showcasing a successful transition to high-value products [12][18]. - The establishment of the Envision AESC battery factory in Shiyan, with a total investment exceeding 10 billion yuan, exemplifies the city's rapid industrial development and commitment to green technology [14][16]. Group 5: Talent and Workforce Development - The arrival of global companies like Envision AESC has transformed Shiyan into a talent hub, creating thousands of jobs and facilitating the export of skilled workers to international markets [25][27]. - Shiyan's industrial base is evolving from primarily supporting Dongfeng to becoming a source of high-quality engineers and technical experts for the global new energy sector [25]. Group 6: Future Outlook - Shiyan is positioning itself as a comprehensive provider of zero-carbon solutions, integrating land and air transportation with green energy systems, aiming to avoid the pitfalls faced by cities like Detroit [27][30]. - The city's economic structure has shifted significantly, with the ratio of secondary to tertiary industries improving from 48.3:40.7 in 2014 to 36.1:54.3, indicating a healthier and more resilient economy [23].