This paper explores the economic impact of Autonomous, Connected, Electric, and Shared (ACES) vehicle trends on the Chinese automotive value chain in 2030, focusing on production and aftermarket segments. A quantitative analysis forecasts market size and income changes. New markets for components like power batteries and in-vehicle software are predicted, while average aftermarket income per vehicle may decrease. However, the growth in vehicle stock suggests significant aftermarket potential.
Publisher
HUMANITIES AND SOCIAL SCIENCES COMMUNICATIONS
Published On
Jun 27, 2024
Authors
Yu Chen, Di Zhu
Tags
Autonomous vehicles
Connected vehicles
Electric vehicles
Shared mobility
Automotive value chain
Aftermarket income
Power batteries
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