Chinese and European auto industries join hands to further global positions

The major European and Chinese automobile manufacturers pledged to strengthen their collaboration at a summit held in Brussels where their associations – the European Automobile Manufacturers’ Association (ACEA) and the Chinese Association of Automobile Manufacturers (CAAM) – signed a cooperation agreement.

Together, China and the EU – the world’s number one and two markets respectively – make up about half of global passenger car sales and production. Although last year the Chinese car market contracted for the first time in 28 years, sales still reached over 28 million units, accounting for some 30 percent of total world sales.

The EU car market was up just +0.1 percent last year. While this increase is very modest, it marks the fifth consecutive year of growth. With almost 15.2 million cars registered, the European Union accounts for more than 19 percent of the global car market – in second place after China.

“ACEA’s 15 members are truly global companies, with a strong presence in China and other world regions. China is also the number two destination for EU passenger car exports,” said Erik Jonnaert, ACEA secretary general. “That is why we strongly believe in further strengthening the ties between our associations. Today’s signing of the agreement is a landmark moment in this process.”

Dong Yang, CAAM executive vice-chairman stated: “So that the Chinese auto industry can continue to flourish, we need to strengthen our policies, standards and regulations. To this end, we are seeking extensive international cooperation to align our industry more strongly with the global market. Our cooperation with ACEA is extremely important, as it will enable us to learn from Europe’s mature standards and regulation system. This partnership will be of mutual benefit to the Chinese and European automobile industries.”

Future collaboration between the two regions will focus on three areas: ‘new energy’ vehicles (NEVs) and the infrastructure for charging and refuelling such alternatively-powered vehicles; the widespread introduction of connected and automated driving; and emission standards and testing for both CO2 and pollutants. The associations also plan to join forces at the global level in order to drive international harmonisation of auto standards and regulations.

The cooperation agreement was signed in the presence of representatives of both the European Commission and the Chinese Mission to the EU.

Also read: European passenger cars start 2019 slow, decline 4.6% in January