Core Insights - The 28th Chengdu International Auto Show has become a key platform for technology validation and commercialization in the context of the automotive industry's transition to new energy and smart technologies [1][3][5] Group 1: Industry Trends - Automotive companies are showcasing innovations in low-carbon and smart technologies, transforming the Chengdu Auto Show from a traditional product display to a practical verification platform for global automotive smart technologies [3][4] - The Zeekr 9X, a 900V hybrid SUV, received over 42,667 orders within an hour of its launch, highlighting strong market interest in innovative vehicle designs [3] - Changan's new model, the Qiyuan E07, features a self-developed SDA architecture that allows for hardware upgrades, extending vehicle lifecycles and reducing future replacement costs for consumers [3] Group 2: Market Expansion - Many automotive companies are pursuing overseas markets to seek new growth opportunities, with Chery's overseas revenue reaching 26.289 billion yuan, accounting for 38.5% of total revenue in Q1 [6] - BYD's overseas sales in the first half of the year exceeded 470,000 units, a 130% year-on-year increase, indicating a strong trend in international sales [6] - In the first half of 2024, China's automotive exports are projected to reach 5.86 million units, with a 10.4% year-on-year growth in exports [6] Group 3: Local Industry Development - The Chengdu International Auto Show has facilitated partnerships, such as the collaboration between FAW, Volkswagen Group (China), and the Chengdu Economic and Technological Development Zone to establish a new Jetta brand company [8] - The establishment of the Toyota Hydrogen Energy Technology Company in Chengdu marks a significant step in the localization of hydrogen energy projects [8] - Chengdu is recognized as a major automotive production base, with over 1,000 automotive industry chain enterprises and a significant increase in automotive production and value in 2023 [9][10]