According to organizers’ statistics, the exhibition shows 278 new energy vehicle (NEV) models and presents 117 world premieres, including 30 launches by multinational companies.

Among the notable announcements, Germany’s Volkswagen and BMW unveiled plans to increase their investment in China by five billion euros with a focus on the production of electric and intelligent cars.

According to Premier Li Qiang, who visited the exhibition, both China and global markets for new energy vehicles are currently experiencing steady growth, leaving room for further market demand.

Smart connected NEVs are the result of industry cooperation at the global level and the future of this industry depends on collaboration between different parties to leverage their respective strengths, he added.

The head of Government reiterated China’s commitment to building a unified national market, opening up to a higher level and promoting trade and investment liberalization and facilitation.

In addition, Beijing is betting on a broader exchange between Chinese and foreign automakers in areas such as capital, technology, management and human resources.

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