Core Insights - The automotive market in China is transitioning from a growth phase to a saturation phase, with a projected vehicle ownership of 366 million by 2025, including 43.97 million new energy vehicles [1] - The rise of the automotive aftermarket is supported by this transition, as evidenced by discussions at the 2026 New Energy Aftermarket New Ecology Conference in Chongqing [1] Group 1: Market Dynamics - The shift in focus from manufacturing to the aftermarket services is evident as the automotive market matures, particularly in Chongqing, which is positioning itself as a hub for smart connected new energy vehicles [3] - Chongqing's government is actively developing a modern manufacturing system and integrating the automotive supply chain, including components, vehicles, and aftermarket services [3][4] - The city is enhancing its vehicle maintenance and service capabilities, encouraging the establishment of service networks and improving digital service offerings [4] Group 2: Industry Opportunities - The expected increase in new energy vehicle ownership to over 120 million by the end of the 14th Five-Year Plan presents significant market opportunities, with the service industry projected to grow from 1.9 trillion yuan in 2024 to 5 trillion yuan by 2030 [6] - The automotive aftermarket is evolving to emphasize diverse revenue models, including maintenance and ancillary services, driven by consumer demand for cost-effective and convenient solutions [7][9] Group 3: Technological Integration - AI technology is anticipated to play a crucial role in transforming the automotive aftermarket, enabling smarter service delivery and operational efficiencies [8] - The integration of AI will facilitate the development of algorithm-driven services, enhancing user experience and operational capabilities in the aftermarket [8] Group 4: Regulatory and Policy Framework - The automotive modification industry is gaining traction, supported by evolving policies that shift from restrictive to supportive frameworks, thus fostering high-quality development [9][11] - The industry is expected to undergo significant restructuring in terms of policies, technology, and ecosystem collaboration to adapt to new market demands and technological advancements [11]

Core Viewpoint - The automotive modification industry in China is transitioning from a gray area to a regulated and supportive environment, with government policies increasingly favoring the development of this sector, particularly in the context of the growing demand for personalized and performance-enhanced vehicles [1][4][7]. Policy Developments - Recent government documents emphasize the potential of the automotive modification market, with initiatives aimed at promoting innovation and removing restrictive measures [2][3]. - The implementation of the new Motor Vehicle Safety Technical Inspection Regulations (GA801-2025) is expected to provide a solid policy foundation for the standardized development of the automotive modification industry [2]. Market Growth and Trends - The automotive modification market in China is projected to grow significantly, with an expected market size exceeding one trillion yuan by 2030, driven by a 20% annual growth rate since 2022 [7]. - The willingness of private consumers to modify their vehicles is high, with 65% expressing interest, and the young demographic (aged 25-45) being the primary consumer group [7][8]. Consumer Insights - The average spending on vehicle modifications ranges from 8,000 to 15,000 yuan, with a notable increase in female consumers participating in the modification market, rising from less than 5% in 2020 to 15% by 2024 [7][8]. - The penetration rate for camping and lodging-related modifications is between 8% and 12%, indicating a growing interest in lifestyle-oriented vehicle enhancements [8]. Industry Innovations - The automotive modification industry is shifting focus towards software modifications due to the limitations of hardware modifications in electric vehicles, which present high technical barriers [5][6]. - Collaborative models between manufacturers and modification companies are emerging, allowing for customized elements to be integrated during the vehicle design phase [6][9]. Future Directions - The industry is expected to explore innovative opportunities in cross-industry modifications, particularly in creating products tailored for specific use cases, such as camping [6][9]. - AI technology is anticipated to play a crucial role in enhancing operational efficiency and precision in the modification process, facilitating a shift from traditional craftsmanship to data-driven approaches [10].

1月29日，国务院办公厅发布的《加快培育服务消费新增长点工作方案》(以下简称《工作方案》)提 出"探索开展汽车改装分级分类管理"。 近年来，服务消费已成为扩大内需、优化消费结构的重要方向。从汽车改装来看，根据嘉世资讯发布的 相关报告，"每多1000万辆存量，就相当于数百万潜在改装用户，只要改装渗透率提升1%，就能为市场 带来数十亿元的新增空间。" 工信部信息通信经济专家委员会委员盘和林对《证券日报》记者表示，汽车改装实际上是典型的高附加 值服务内容之一。通过制度创新打通堵点，一方面能将改装行为纳入有效管理，另一方面可以适度为市 场注入新需求，尤其是当前传统汽车修理行业因新能源车普及而面临订单结构性调整，合规改装将成为 行业重要的业务补充。 我国是为全球重要的汽车及零部件制造基地，汽配产品在国际市场占据较高份额。然而，与强大的制造 和出口能力相比，国内汽车改装消费发展相对谨慎，市场潜力尚未充分释放。 从产业端看，我国汽车改装零部件在设计、制造和成本控制方面具备明显优势，但相当一部分产品主要 用于出口。全国工商联汽摩配商会常务会长、全联汽配展组委会主任应慧鹏对《证券日报》记者表示， 国内改装车渗透率较低，此前对机 ...

Group 1 - The opening of the NAJ JD Auto Modification Center in Wuhan marks a significant milestone in the evolution of automotive culture in China, representing a shift towards a new stage in automotive lifestyle [2] - The collaboration between Dongjian Technology and JD Auto aims to deepen cooperation in product and ecosystem development, promoting standardization and scaling in the industry [1][2] - Dongjian Technology's chairman, Luo Jun, emphasized the company's commitment to becoming a co-builder of the industry ecosystem and exploring sustainable development paths, moving beyond just being a product provider [2] Group 2 - The NAJ JD Auto Modification Center allows consumers to experience high-quality products from Dongjian Technology while enjoying comprehensive services from JD Auto, including professional consultation and standardized installation [1] - Luo Jun highlighted that China's leadership in the new energy vehicle sector has led to a cultural awakening and increased confidence in the industry, transitioning from being followers to leaders in automotive technology [2] - JD's dual empowering value in the modification industry includes breaking down cultural barriers and establishing value benchmarks to facilitate the realization of new concepts [2]

Core Insights - JD Auto has officially launched its first "NAJ JD Car Modification Center" in Wuhan, attracting many car enthusiasts [1] - The center aims to capitalize on Wuhan's advantageous location, strong economic atmosphere, and a solid customer base of car modification enthusiasts [3] Group 1: Business Model and Services - The center offers core services including modifications for new energy vehicles, traditional internal combustion engine vehicles, off-road, and general off-road vehicles, as well as motorcycle modifications [3] - JD Auto has established a stable supply chain by signing contracts with over 20 international modification brands, ensuring a comprehensive supply system from brand direct supply to quality control [3] - All modification parts are brand direct supply, with a "tenfold compensation for counterfeits" guarantee, ensuring authenticity for customers [5] Group 2: Customer Experience and Standardization - The center operates under a nationwide standardized model, allowing customers to enjoy warranty services across different cities after modifications [5] - A full-process standardization system has been established, with multiple inspection points during vehicle reception, modification, and delivery, ensuring quality control [5] - Customers are assigned dedicated service groups, receiving reminders about vehicle maintenance and follow-up inspections after modifications [5] Group 3: Market Potential and Growth - The automotive modification market in China is becoming a new consumer hotspot, driven by the release of policies like the 2025 "Automotive Modification Technical Specification Guidelines" and the demand for personalization among younger consumers [7] - The market size grew from 70.5 billion yuan in 2020 to 93.5 billion yuan in 2022, with a compound annual growth rate of 16.3%, and is expected to exceed 160 billion yuan by 2025 [7]

Core Insights - In 2025, the shift in economic conditions and rapid technological advancements are driving interest in personal entrepreneurship opportunities, particularly in niche high-profit businesses that offer low barriers to entry and high returns [1] Group 1: Business Opportunities - APP New User Acquisition Studios represent an upgraded model of traditional ground promotion, achieving daily earnings of 300 to 500 yuan per person, significantly higher than the 30 to 50 yuan typical in traditional models [3] - The smart home service market is projected to grow, with a 40% penetration rate expected by 2025, and professional configuration services charging between 300 to 800 yuan per household [3] - The ancient book restoration market shows strong demand, with prices ranging from 500 to 2000 yuan per book, and a single-person studio can earn over 30,000 yuan monthly with low material costs [5] - Balcony planting system installation services are booming, with standard packages priced between 8000 to 15000 yuan, appealing to urban dwellers seeking a connection to nature [5] - The automotive modification market is shifting towards ambient lighting, with installation costs between 2500 to 4000 yuan and a material cost of about 800 yuan [8] - Professional bathing services for the elderly are in high demand, charging 150 to 300 yuan per session, with initial investments of 20,000 to 30,000 yuan for equipment [8] - Photo recovery services charge between 200 to 500 yuan, with minimal technical costs and a focus on nostalgic older adults and business professionals [9] - High-end fragrance services can charge between 3000 to 10000 yuan, with raw material costs under 10%, targeting corporate clients initially [11] - Custom architectural models priced between 3000 to 20000 yuan leverage emotional value and social media marketing [11] - Voice beautification training services can charge between 2000 to 8000 yuan, with an 80% profit margin, catering to professionals like streamers and teachers [11] Group 2: Market Characteristics - These niche businesses address specific pain points for targeted demographics, creating high added value through specialized services [11] - The entrepreneurial landscape in 2025 emphasizes finding overlooked essential needs rather than competing in saturated markets [11] - Entrepreneurs are encouraged to leverage their resource advantages and conduct thorough market research to identify high-fit opportunities for low-cost experimentation [11]

Core Viewpoint - The Chinese automotive modification market is poised for significant growth, driven by supportive policies and regulations that are transitioning the market from a "grey area" to a compliant framework [2][5]. Group 1: Market Potential - The automotive modification market in China is expected to exceed 250 billion yuan, with a compound annual growth rate (CAGR) of 15.8% [2]. - As of September 2025, the total number of motor vehicles in China reached 460 million, with 360 million being cars, indicating a vast potential market for modifications [5]. Group 2: Regulatory Framework - New regulations outline specific compliance requirements for modifications, including permissible changes to appearance, interior, lighting, and performance, while also defining prohibited modifications [3][4]. - The modification registration process has been simplified, allowing vehicle owners to submit materials via the "Traffic Management 12123" app within 10 days post-modification [4]. Group 3: Market Dynamics - The modification market is characterized by a strong preference for aesthetic changes, with exterior modifications accounting for 45% of the market share [6]. - Younger consumers aged 24-35 are driving demand for personalized modifications, with a growing interest in "scene-based modifications" such as camping adaptations [6]. Group 4: Future Outlook - The automotive modification market is anticipated to become one of the fastest-growing segments in the automotive aftermarket, fueled by technological advancements and increasing consumer demand for personalization [7]. - The establishment of a "factory-certified modification" system is expected to enhance collaboration among automakers, parts suppliers, and modification companies, promoting resource sharing and competitive advantages [7][8]. Group 5: Cultural Impact - The rise of automotive modification culture is expected to accelerate, with events such as modification competitions and customization festivals providing platforms for consumer engagement and interest [7]. - Continuous improvement of policies and regulations will guide the standardized development of the automotive modification industry, enhancing overall quality and competitiveness [8].

Core Insights - The "改・创" New Forces - New Energy Vehicle Modification Industry Tour has officially launched, aiming to promote outstanding companies in the new energy vehicle modification sector from now until March 2027 [1] - The event will feature monthly visits to 1-2 exemplary companies, documenting their achievements in technology research, product innovation, and service systems through a comprehensive "text and video" reporting format [1][4] - The initiative seeks to empower excellent companies and establish industry benchmarks, guiding the aftermarket market for new energy vehicles towards healthy, standardized, and orderly development [1][6] Policy and Market Dynamics - The launch of the tour coincides with the implementation of the "Automobile Modification Technical Specification Guidelines" by the China Automobile Industry Association in May 2025, which legalizes 16 modification projects and marks a shift from a "gray area" to a regulated market [2] - Over 70% of new energy vehicle owners are willing to undertake light modifications, with 30% planning to try moderate or higher modifications, indicating a strong demand for personalized vehicle expression among younger consumers [2] Focus Areas of the Tour - The tour will concentrate on the current top ten popular products in the new energy vehicle modification field, including vehicle wraps, exterior kits, in-car entertainment screens, and electric pedals, as well as outstanding modification factories and chain stores nationwide [4] - The reporting will emphasize depth and warmth, exploring the growth trajectories of companies, their market opportunities, product iterations, technological breakthroughs, and unique competitive advantages [4] Industry Collaboration and Participation - The tour aims to make compliant, high-quality new energy modification products and services mainstream by uncovering the experiences of excellent companies and modification factories [6] - All entities with innovative technologies, quality products, or unique business models in the new energy vehicle modification sector are invited to participate in the tour [6][7]

Core Viewpoint - The Chinese government has issued a notification to strengthen the management of second-hand vehicle exports, particularly focusing on the regulation of modified vehicles and the conditions for obtaining export permits [1] Group 1: Regulatory Measures - The notification emphasizes strict conditions for applying for export permits for vehicles labeled as modified [1] - Local commerce authorities are required to guide modified vehicle exporters in accurately filling out information regarding chassis brand, modified vehicle brand, and model, along with submitting proof of modification authenticity [1] - Export permits will not be granted for products that cannot prove modification authenticity, are not listed in the Ministry of Industry and Information Technology's announcement, or lack valid national mandatory product certification [1] Group 2: Monitoring and Compliance - Local modified vehicle manufacturers' export situations and their production capacities must be investigated and reported to the Ministry of Commerce [1] - The Ministry of Commerce, Ministry of Industry and Information Technology, and Customs will closely monitor and share information regarding any anomalies in the export process of modified vehicles, increasing inspection and enforcement efforts [1]

Core Insights - The AAPEX and SEMA exhibitions are showcasing the latest advancements in the automotive industry, particularly in smart technology, data utilization, and the transition to new energy sources [1][2] Group 1: Technology and Innovation - The widespread application of artificial intelligence and data analytics is a highlight of the exhibitions, indicating a shift in the automotive aftermarket towards digital upgrades driven by data [1] - Several exhibitors presented applications based on AI and big data for repair diagnostics, inventory forecasting, customer management, and supply chain optimization, aimed at enhancing operational efficiency and market responsiveness for parts suppliers and service providers [1] Group 2: Industry Trends - The exhibitions feature discussions on the application of AI in the automotive sector, including innovations in collision repair, calibration of advanced driver-assistance systems, intelligent inspection, and improvements in after-sales service efficiency [1] - New energy and future power systems are significant focal points, with multiple automakers showcasing modified vehicles powered by clean energy sources such as electricity and hydrogen, reflecting the industry's latest explorations in energy conservation and performance innovation [1]