The automotive industry faces many new challenges in the post-covid-19 era.

Xu Heyi, member of the Committee of Economy of the CPPCC National Committee and former Party secretary and chairman of BAIC Group, said COVID-19 is having a profound impact on the global economy, and the automotive industry is particularly in the forefront.  The impact of the epidemic on the automobile industry is profound and multifaceted.
“Global supply chains are more fragile and anti-globalisation is evident.”  Xu heyi said the auto industry has seen factory shutdowns, chip shortages and delayed parts logistics due to repeated outbreaks.  According to incomplete statistics, in 2021, due to the impact of COVID-19 and supply chain disruptions, the global production cut reached 10 million vehicles.  In addition, the world’s major countries around the technological commanding heights of the unprecedented fierce competition, the global automotive industry highly division of labor supply chain risk increased, some countries began to promote the reconstruction of the global supply chain, the development of the automotive supply chain presents a trend of diversification, localization, nearshore, which brings great challenges to China’s automotive industry.    Car companies must accelerate the pace of digital transformation
“In the post-PANDEMIC era, digitization is no longer an option for enterprises, but a required answer.”  Xu Heyi said that digitalization is a new engine for auto companies to build sustainable competitive advantages. It can not only connect equipment, sensors, controllers and networks to get through the industrial chain, supply chain and value chain, but also effectively reach users and business partners to comprehensively improve enterprise operation efficiency and user experience.