Wuhan Motor Show 2020 Giving Full Play to the Economic Driving Role

2020-10-20

Recently, the National Bureau of Statistics released economic data for the first three quarters revealing that as GDP grew by 0.7% year-on-year in the first three quarters of 2020, the Chinese economy has withstood the COVID-19 test and formally shifted from negative to positive growth. With the supply and demand relation being improved gradually, the Chinese economy has continued on its stable recovery and is ushering in a very promising future. Once as the main battlefield in COVID-19, Wuhan, a heroic city, has marched towards a new milestone along the course of economic recovery: on 20 October, Wuhan Motor Show 2020 (WHMS) of 6 days was successfully concluded in the Wuhan International Expo Center.

Huge pressures of the pandemic mean greater responsibilities for WHMS 2020 and this show has been put into spotlight for the whole nation to see. Thanks to joint efforts made by all concerned parties, including important instructions made by leaders from CPC Wuhan and the Wuhan government during personal visits to WHMS, along with strong support from official media outlets and media partners in favor of this auto show, a grand gala of automobile has been created and presented from which exhibitors have benefited a lot.

WHMS is the largest offline exhibition after the recovery of Wuhan and has demonstrated the driving force of exhibition industry to the economy. Zhonglin Wang, member of the CPC Standing Committee of Hubei Province and CPC Secretary of Wuhan emphasized during his inspection of WHMS on 18 October that it is important to follow and execute instructions made by President Xi and fully understand the importance and the stimulating force of the exhibition economy. He added that WHMS has to be organized at a higher level with wider influence to project the image of a Grand Wuhan, boosting recovery and high-quality growth in the post-pandemic era.

Xianwang Zhou, Deputy Secretary and Mayor of Wuhan, Lishan Hu, Deputy Secretary and Director of the People’s Congress in Wuhan, and leaders from the Wuhan government including Liangwen Long and Honglan Xu have expressed full recognition and high expectation for the role of WHMS 2020 to fuel the development of automobile industry in central China and the economic recovery in Wuhan. WHMS has not failed high expectations of the whole industry and the city for it delivered very impressive results, injecting dynamism into the industrial recovery and economy resumption in Wuhan.

Drumming up Influence and Attention, WHMS is Sounding Charge for the Automobile Market in the Post-Pandemic Era
As one of six cities for automobile cluster in China, Wuhan has registered over CNY 320 billion for the total industrial output of automobiles and spare parts. It is home to 7 enterprises of finished automobiles, 12 general assembly plants, more than 500 enterprises of components, 54 listed as Top 500 in the world and 14 R&D outfits above the provincial-level.

Since WHMS is praised as the largest platform gathering together players in the automobile industry in central China, it is easy to see the importance of WHMS to the auto industry in Wuhan. And this has been proved by the robust performance against double pressures, COVID-19 and market slump. WHMS 2020 covers an exhibition area of 100,000 sqm. with more than 400 exhibitors presenting thousands of car models on site. 25 brands have released 30 fresh models during WHMS 2020. And visitors at weekends have increased by 40% comparing to 2019. According to data available so far, vehicles in transaction during WHMS rocketed to nearly 20,000 with the volume reaching CNY 3.5 billion. Boasting its strategic importance and amazing role as a locomotive for automobile consumption, WHMS 2020 has resurrected confidence and vitality in the auto market, contributing to a strong recovery of the economy in Wuhan.

CNY 3.5 Billion for Transaction Volume, WHMS is Taking the Leading Role of the Exhibition Economy
The released new models and technologies by 25 brands during WHMS 2020 have consolidated the perch of WHMS topping any other platforms for auto development in central China. New models from LIFE, GWM Pickup, WEY Tank 300 and Defender met the public. Honda Life made its global debut in WHMS 2020. Tatsya Natsume, General Manager of Honda, remarked the debut of Honda Life in Wuhan makes everyone know that Wuhan is back to life.

Adding to new models and technologies is another round of consumption successfully triggered by WHMS. All exhibitors in WHMS 2020 have delivered exciting performance. According to data available, some brand even sold 1,500 sets, proving again that WHMS is empowering auto brands.

Not only has the organization of WHMS set off enthusiasm to launch new products and concentrated attention to the auto market, but also it has further unleashed consumption demand of citizens, all contributing to an obvious warming-up of the terminal sales market of automobile. The flourishing WHMS is bound to push the auto market in central China to a new height.

Activating Magnetic Effect in the Industry and Gathering Experts to Wuhan
A shared focus for WHMS 2020 is the pursuit of high-quality development of the auto industry. Kelin Zhang, Deputy Chair of the China Machinery Industry Federation and Honglan Xu, Deputy Mayer of Wuhan addressed the 7th China (Wuhan) International Summit on the Development and Cooperation of New Energy and Intelligent Internet Vehicles. Representatives, experts and scholars from the China Society of Automotive Engineers, the Industrial Development Unit of Hubei DRC, the Automobile Unit of Wuhan Economic and IT Bureau and the School of Automotive Engineering in Wuhan University of Technology were engaged in discussions on frontier topics such as NEVs, intelligent internet technologies and auto supply chain, contributing their wisdom to this event.

The magnetic effect of WHMS has drawn more and more experts and scholars in recent years to create a think-tank for the development of the auto industry in central China, amassing forces to lay out plans for the automobile industrial development in the central even across the whole China.

After 25 years, WHMS has become an influential brand show at a high level for the auto industry in central China. In this key stage of rebooting economy after the strike of COVID-19, WHMS has injected vitality and momentum to accelerate the resumption and high-quality development in the post-pandemic era by playing into its best capabilities of gathering the whole industry and propelling the consumption market. Wuhan, the heroic city, will enjoy another round of economic prosperity.