The 10th Sino-German Automobile Conference was held on the 30th in Wolfsburg, Lower Saxony, Germany. About 600 representatives of Chinese and German companies, governments and scientific research institutions attended the conference to discuss new opportunities for cooperation between the two sides under the rapid transformation of the automobile industry. Lower Saxony Governor Olaf Riess said in his speech that the Sino-German automobile conference was held in Wolfsburg, the base of the German automobile industry, which sent a strong signal to deepen cooperation between Germany and China. Liu Minqiang, director of the Investment Promotion Bureau of China's Ministry of Commerce, said in his speech that the global automobile industry is in a critical window of change. New technology is rapidly iterating, and the market pattern is being restructured at an accelerated pace, which not only nurtures huge opportunities, but is also accompanied by transformation pain and market pressure. Market competition exists objectively, but competition is not a bad thing. It is conducive to industrial upgrading and to providing consumers with better products and services. China and Germany should focus on improving technology, products and services, and seek new development opportunities in competition.

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