FAW and three other central enterprises used 132 million domestically produced chips in five months

On June 21st, KuaiTech reported that the first China (Chongqing) Intelligent Automotive Basic Software Ecology Conference and the third China Automotive Chip Summit Forum were recently held. Gou Ping, member of the Party Committee and Deputy Director of the State owned Assets Supervision and Administration Commission of the State Council, delivered a speech.
Gou Ping introduced that in the first five months of this year, China Electronics Technology, China Electronics, China Resources Group, and CRRC Group sold a total of 235 million automotive chips, and the three central automotive enterprises (FAW, Dongfeng, and Changan) used a total of 132 million domestically produced automotive chips.
It indicates that intelligent connected new energy vehicles have become the main direction for the transformation and upgrading of the automotive industry, and the expanding role of automotive technology software and automotive chips is becoming increasingly prominent. To develop intelligent connected new energy vehicles, Chinese software and chips are indispensable, and state-owned assets and central enterprises are dutiful.
Gou Ping also pointed out that in the future, we will further strengthen the research and industrialization of key core technologies in the fields of automotive technology, software, and automotive chips; Speed up the development of basic software technology system for vehicles and improve the supply of key technologies; Taking the creation of original technology as the starting point, we will increase research and development efforts for next-generation high computing power chips, advanced sensors, etc., accelerate the development of new productivity, and seize the leading position in competition.
It is worth mentioning that in March this year, the Director of the State owned Assets Supervision and Administration Commission of the State Council stated that state-owned automobile enterprises are not developing rapidly enough in the field of new energy vehicles. The State owned Assets Supervision and Administration Commission will adjust policies and conduct separate assessments of the new energy vehicle business for three central automobile enterprises. Subsequently, the three enterprises responded positively and announced their sales targets for 2024.
Among them, FAW Group is committed to achieving a sales volume of 900000 units for its own brand, striving to reach 1 million units and a sales volume of 500000 units for both domestic and joint venture new energy vehicles; Changan Automobile will reach its sales target of 2.8 million vehicles and launch over 30 new energy products by 2028; Dongfeng Motors aims to achieve a sales target of 3.2 million vehicles this year, and through cooperation with Huawei, both parties will launch products that meet customers' differentiated needs.