Economics

Economic impact of ACES trends on the automotive value chain: a forecast exploratory study of the Chinese automotive industry in 2030

Y. Chen and D. Zhu

Discover the transformative economic effects of Autonomous, Connected, Electric, and Shared (ACES) vehicle trends on the Chinese automotive market by 2030. This insightful research by Yu Chen and Di Zhu uncovers new market opportunities and the potential of the aftermarket despite certain income challenges. Tune in to explore these exciting developments!

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Playback language: English

Index

Abstract

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

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