The Asian Games——Another scale for Chinese automobiles

"Beautiful Asia, glorious Asia, hand in hand, we are one family." At the autumnal equinox, Qiantang surges, and the light of the Asian Games illuminates the West Lake. On September 23, the 19th Asian Games opened in Hangzhou, adding another "Asian Games City" to China.

Following Beijing in 1990 and Guangzhou in 2010, the protagonist this time is Hangzhou.

The Hangzhou Asian Games set many records. The main torch was lit with the first digital participation method, and for the first time in the history of the Asian Games, green methanol was used as the torch fuel. The participating projects include 40 major events, 61 sub-items, and 481 minor events. There are a total of 56 competition venues, 31 independent training venues, 1 Asian Games village and 5 Asian Games sub-villages.

Indeed, from Beijing to Guangzhou and then to Hangzhou, the Asian Games have special significance for the development of Chinese cities. The three Asian Games that have come to China have covered the most economically developed areas in China such as the Beijing-Tianjin-Hebei region, the Pearl River Delta and the Yangtze River Delta. area.

Likewise, these three regions are also where China's automobile industry is most developed and where its production and sales markets are at the forefront. If we take the three Asian Games as a node, these three small cycles are the 33 years when Chinese automobiles have been counterattacking and rising, with many obstacles and obstacles.

Looking at domestic sales only:

In 1990, national car sales reached 500,000 units;

In 2000, national automobile sales reached 2.08 million units;

From January to August 2023, national car sales reached 18.21 million vehicles.

Time goes back to the 1990 Beijing Asian Games. It was the first time that China hosted the Asian Games. The lyrics and melody of "We in Asia, the mountains are our heads high" resounded on the streets. That Asian Games was the first time for generations of Chinese people to pay attention to large-scale international events. Initial impressions of the Games.

Back to cars, in 1990, domestic car production and sales were about 500,000 units; in 1978, the annual car production of all car companies in my country was only 180,000 units.

Volkswagen, which has been deeply involved in the Chinese market for 40 years, performed almost perfectly in the 1990s. In 1985, Shanghai Volkswagen, the first car joint venture in the Mainland, was established. In the early 1990s, Volkswagen established a joint venture with Changchun FAW to establish FAW-Volkswagen. By the end of the 1990s, Volkswagen's market share in mainland China reached a peak of 50%.

From the 1970s to the 1990s, it was the golden period of Japan's domestic automobile market. Domestic sales increased steadily year after year until it reached its peak in 1990. The "Initial D" comics condensed the essence of Japanese cars in the 1990s.

However, with China's accession to the WTO at the end of 2001 and the full liberalization of the market, the market size and production scale of the entire automobile industry have expanded rapidly. China's automobile industry has begun to fully integrate into the world's automobile industry system and is moving towards becoming a major automobile production and sales country. In 2010, China Automobile production and sales both exceeded 18 million units.

From January to August 2023, my country's automobile production and sales reached 18.225 million vehicles and 18.21 million vehicles respectively, a year-on-year increase of 7.4% and 8% respectively.

The top ten domestic automobile sales companies are SAIC, FAW, BYD, GAC, Changan, Dongfeng, BAIC, Geely, Great Wall, and Chery, with independent brands accounting for over 50%.

From 1990 to 2023, China's automobile industry has embarked on a rapid upward curve, and it is also a cycle of rapid rise of independent brands and new energy vehicles.

In essence, large-scale sports events play the role of historical milestones for a city and country. For the economy and automobile industry behind large-scale sports events, it is also a historical mark.

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