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March 6, 2019
Yan Yanfeng: Cars going to the countryside will not overdraw car consumption

(Xiawu 6th Beijing News):

In March in Beijing, spring back to the earth, everything is spit new!

The member of the National Committee of the Chinese People's Political Consultative Conference and the chairman of the Dongfeng Motor Group Co., Ltd., Yan Yanfeng, said in an interview with the media of the First Financial and Junfeng Auto Network that rural car replacement is a good thing. At the same time, the automotive industry has been following the needs of consumers. Changes in society's progress, and the potential for future car growth in the changes.

At the end of January this year, the National Development and Reform Commission and other 10 departments jointly issued the “Implementation Plan for Further Optimizing Supply to Promote Steady Growth in Consumption and Promote the Formation of a Strong Domestic Market (2019)”, which puts more measures to promote automobile consumption in the first place and proposes “promoting rural areas”. Six measures, such as the renewal of the car, fully demonstrate the importance of the car in the consumer field.

In 2018, the number of cars per 1,000 people in China is around 170, which is still a big gap from the level of major developed countries. In particular, the current number of rural residents' vehicles is very low, and many rural residents rely on three-wheeled vehicles with low safety standards.

"There are many cars in the countryside that do not meet the current traffic laws and regulations, and the technology is not suitable for the development of today's society. Therefore, the car going to the countryside will only be replaced by a new and old technology. I think it is a good thing. There is no problem of overdraft car consumption." Yan Yanfeng said.

In recent years, the rise of new Internet-powered vehicles has brought considerable pressure on traditional car companies. Yan Yanfeng said that the car is basically a consumption replacement cycle for ten years. This substitution is a cyclical process. In this process, the sales volume of the car will be adjusted with the fluctuation of the economic situation. However, the structure of the product, relevant regulations, The current new technologies and so on will definitely change.

"The automotive industry itself is not static, and has been changing with the needs of consumers and the progress of society, such as intelligence, lightweight, new energy, sharing, etc." Yan Yanfeng said.

Yan Yanfeng also said that he is not afraid of foreign brands entering the Chinese market and has confidence in competition. The level of China's automobile industry will be stronger in the future when it is more open.