Industry Summit Spotlight: Innovation Imperatives

On December 13, the highly anticipated 2024 Automotive Aftermarket Innovation and Development Conference was held in Beijing. Guided by the China Association for Consumer Goods Quality and Safety Promotion and the China Automotive Maintenance and Repair Trade Association, the event brought together over 500 industry leaders and enterprise executives to explore innovation pathways across key sectors: Used Vehicle Ecosystem Optimization, Auto Parts Supply Chain Digitization, Next-Gen Maintenance Service Standards, Insurance-Finance Integrated Solutions,

Expert Lens: Decoding Emerging Trends

At the summit, industry experts delivered keynote speeches analyzing the automotive aftermarket's trajectory. Yan Fengmin, Vice Chairman of the China Association for Consumer Goods Quality and Safety Promotion, underscored the sector's pivotal role in driving consumption growth, projecting its scale to reach RMB 1.2 trillion. Di Yanbin, Secretary-General of the China Automotive Maintenance and Repair Association, highlighted the sector's strategic pivot toward digitalized and platform-integrated models, emphasizing how technologies like AI diagnostics and blockchain-enabled parts traceability are redefining traditional service ecosystems.

   

Aftermarket Enterprises: Navigating New Frontiers

The successful hosting of this conference has not only brought new development ideas to the automotive aftermarket industry but also provided new opportunities for enterprises. According to statistics, China's passenger car ownership is expected to exceed 300 million units in 2024, indicating a massive scale for the maintenance and repair industry. However, facing fierce market competition and increasingly diversified consumer demands, aftermarket enterprises need to continuously innovate service models and improve service quality to adapt to evolving market requirements.

C-Suite Playbook: Transforming Challenges into Coalitions

As an enterprise dedicated to the automotive aftermarket, King Da Cheng deeply feels the pulse of industry development. This conference has reinforced our understanding that only through continuous innovation and pursuit of excellence can we remain invincible in the fierce market competition.

We will persistently uphold our customer-centric service philosophy and continuously enhance technical capabilities and service quality. For instance, given the unique technical requirements of new energy vehicles, we will intensify technical training to improve the professional skills of service personnel. Simultaneously, we will actively explore new service models and technological approaches to deliver higher-quality and more convenient aftermarket services to consumers.

Moving forward, we will continue to embrace challenges, seize opportunities, and drive innovation. We firmly believe that relentless advancement and commitment to excellence will enable us to contribute to the sustainable development of the automotive aftermarket. Furthermore, we look forward to collaborating with more industry partners to jointly promote the prosperous growth of the sector and create a better mobility experience for consumers.