Core Insights - The 10th Guangzhou International Auto Parts and Accessories Aftermarket Exhibition (AAG) opened on August 27, 2025, at the Poly World Trade Center in Guangzhou, showcasing the growth and influence of the automotive aftermarket in the Guangdong-Hong Kong-Macao Greater Bay Area and Southeast Asia [1][3]. Industry Overview - Since its inception in 2015, the AAG has developed into a significant professional exhibition for the automotive aftermarket, with a display area of 80,000 square meters, a 14% increase from the previous year, and participation from 1,781 brand enterprises, a 17% increase [3]. - The theme for this year's exhibition is "Intelligent Manufacturing, Driving Change, and Linking the Future," highlighting innovation in the automotive aftermarket [3]. Key Participants and Exhibits - The exhibition features over 1,200 auto parts companies, with more than 500 from the aftermarket sector and over 350 involved in the new energy sector [5]. - Notable exhibitors include leading brands such as Sumax, Anhui Dain, and Ningbo Tianwei, showcasing products ranging from suspension systems to brake components and electric vehicle solutions [6][9]. Thematic Areas and Activities - The exhibition includes three major thematic areas: auto consumables, commercial vehicles, and UTS modification salon, emphasizing the integration of automotive customization culture and aesthetics [12][14]. - A series of forums and discussions will be held, focusing on the future trends of the aftermarket service industry [14][24]. International Engagement - The event attracted 44 professional buyer groups from various regions, including Southeast Asia and the Middle East, indicating strong international interest [21][23]. - The overseas invitation efforts covered numerous countries, enhancing global participation [23]. Future Trends and Conferences - The exhibition aligns with Guangzhou's strategy to build a modern industrial system, focusing on intelligent connected new energy vehicles [26]. - Upcoming conferences will address critical topics such as the globalization of the automotive aftermarket and digital transformation [27]. Special Initiatives - AAG has planned various activities to celebrate its 10th anniversary, including art installations made from recycled auto parts and interactive experiences for attendees [28][32].

Core Viewpoint - The Chinese automotive industry is facing a "severe winter" due to a combination of market saturation, industry transformation, and global uncertainties, necessitating collective efforts to nurture its potential for recovery and growth [1][2]. Industry Overview - The 12th China Automotive Blue Book Forum was held in Wuhan, highlighting the challenges and future directions of the automotive sector with over 200 industry leaders in attendance [1]. - The theme of the forum, "Winter Bud," symbolizes hope and resilience amidst the current downturn in the automotive market [2]. Market Dynamics - The Chinese automotive market, which peaked at 28.88 million units in 2017, is projected to decline to approximately 23 million units this year, intensifying competition and leading to a wave of industry consolidation [2]. - The automotive industry is undergoing significant changes driven by the "four transformations," which include electrification, intelligence, connectivity, and sharing [1][3]. Company Initiatives - Dongfeng Motor Corporation is implementing a "five transformations" strategy (lightweight, electrification, intelligence, connectivity, and sharing) to adapt to the new market conditions [3]. - The company has made progress in its "three electric" industrial park and has successfully addressed technical challenges in fuel cell technology [3]. - Dongfeng has launched high-end electric brand "Lantu," aiming to provide high-quality automotive solutions for the new energy era [3]. Regional Development - Wuhan, recognized as "China's Auto City," produced 1.5485 million vehicles last year and aims to enhance its automotive industry cluster to a trillion-yuan scale [3]. - The city is focusing on balancing pandemic control with economic development, striving to become a hub for innovation and self-owned automotive brands [3].