Li Dakai, chairman and general manager of Shaanxi Fast Automotive Transmission Co., Ltd., shared his insights during a recent interview with reporters. He highlighted that the Chinese auto industry has a history spanning over 50 years, beginning from the 1950s. However, he emphasized that real growth and development truly began after China's reform and opening-up policy. More specifically, the last decade has seen remarkable progress across various segments, including commercial vehicles, buses, passenger cars, special vehicles, and automotive components.
In 2007, China's automobile production reached an impressive 8.88 million units, placing it third globally. This achievement marks China as one of the leading countries in car manufacturing on the world stage. Despite this success, Li pointed out that while China is a major automobile producer, it is not yet a dominant or powerful player in the global auto industry.
He noted that many of the top-selling brands in China are foreign, and domestic brands still struggle to gain significant market share. Compared to international leaders, there remains a noticeable gap in terms of technology, brand recognition, and innovation. Therefore, the challenge for China to become a true automobile power is both complex and demanding.
To achieve this goal, Li stressed the importance of two key strategies: first, learning and adopting advanced technologies from abroad; second, and more importantly, accelerating independent innovation. Fortunately, within the Chinese auto industry, numerous entrepreneurs and companies have emerged who are bold enough to compete with foreign counterparts. Through innovation and determination, they have achieved impressive results.
These individuals and enterprises are often referred to as the "backbone" of the industry, representing the future potential and hope for China's auto sector. Some foreign experts predict that within the next 10 to 20 years, China could become the most powerful automobile industry in the world. Li is optimistic about this vision, believing that with the right spirit and effort, Chinese people will achieve this goal sooner rather than later.
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