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Beijing Supports Automotive Electronics Business for 3 Years to Establish Automotive Electronics Production System
On August 4, the Beijing Municipal Development and Reform Commission announced a new initiative aimed at boosting the city's automotive electronics industry. The plan focuses on fostering the growth of automotive electronics companies and establishing a comprehensive production system within three years. As part of this effort, eligible companies are required to submit project proposals to the commission within one month to qualify for financial support and favorable policies.
The key areas of focus for the supported projects include engine control systems, chassis control systems, in-vehicle information systems, and the corresponding embedded software solutions. The goal is to scale up production, enhance technological capabilities, and strengthen the competitive position of Beijing-based companies in both national and global markets.
According to the notice, leading enterprises with registered capital exceeding RMB 10 million (or RMB 2 million for software-focused firms) and a solid market presence will be prioritized for support. This strategy aims to address the current gap between China and foreign countries in the application of automotive electronics. While global average spending on car electronics reached $2,025 per vehicle in 2003—accounting for about 26.2% of total vehicle costs—China’s average was only $885, or around 4.8% of the total cost. This highlights the vast potential for growth in the Chinese automotive electronics sector.
With the right investment and policy support, Beijing is positioning itself as a major player in this rapidly evolving industry. The move reflects not only a strategic push for technological advancement but also an effort to capture a larger share of the global automotive supply chain.