As 2017 comes to an end, it's time to reflect on a year full of surprises and transformations in the Chinese auto industry. From strategic alliances to major acquisitions, the market was anything but dull. FAW, Dongfeng, and Changan formed a strategic partnership, Geely acquired Proton and Lotus, Volkswagen successfully integrated its operations, and South Korean and French brands saw significant sales growth. Meanwhile, Zhongtai made a successful acquisition of Ford, and many other events shaped the dynamic landscape of the industry. Looking back, the initial outlook for 2017 wasn't very optimistic, but the market proved otherwise. With strong performance in the first three quarters, the industry came close to meeting the expected 5% growth target. However, the slowdown in October raised concerns about whether the annual goal would be met. Experts now believe that while production and sales may surpass 30 million units in 2018, maintaining a 5% growth rate remains uncertain due to factors like tax policy changes and reduced new energy subsidies. In 2018, we can expect more consolidation among the "Big Three" automakers as they deepen their cooperation. The recent agreement between FAW, Dongfeng, and Changan hints at potential larger mergers, similar to what has happened with other state-owned enterprises. Additionally, local companies are also exploring partnerships and capital-driven strategies, signaling a shift toward more efficient and competitive structures. Luxury brands like Mercedes-Benz, Audi, and BMW are seeking new opportunities, with possible collaborations and joint ventures. For instance, Mercedes-Benz might look to partner with BAIC, while Tesla continues to be a major topic of interest. Will its domestic production finally take off in 2018? That’s a question many are eager to see answered. New energy vehicles are also set to play a bigger role. Joint ventures are planning to launch more electric models, and experts predict that sales could exceed one million units in 2018. At the same time, policies like the double-credit system will push automakers to adopt greener technologies. The rise of Chinese brands is another trend to watch. With brands like Great Wall Motors pushing into premium segments, the market share of domestic brands could potentially cross the 50% threshold. Meanwhile, internet-based carmakers like NIO and XPeng are entering the scene, bringing fresh ideas and challenges to the traditional industry. Finally, tech giants like Baidu, Alibaba, and Tencent are making their mark in the smart car space. Their investments and innovations are shaping the future of mobility, setting the stage for a highly competitive and exciting 2018. As the year draws to a close, all eyes are on what the next chapter holds for the automotive world.

Ground Terminal

The JUK universal Screw Terminal Block series has the typical features which are decisive for practical applications:

l The universal foot allows the terminal blocks to be easily snapped onto the NS35 or NS32 DIN Rail with G shape.

l Closed screw guide holes ensure screwdriver operation perfect.

l For terminal block with different wire cross-sectional areas, complete accessories are available, such as end plates, partition plates, etc.

l Potential distribution achieved by fixed bridges in the terminal center or insertion bridges in the clamping space.

l Same shape and pitch Grounding Terminal Blocks as the JUK universal series.

l Adopt ZB marker strip system,achieve unified identification.

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