The China Association of Automobile Manufacturers (CAAM) has published an article highlighting that corporate equity collaborations and strategic restructurings are fraught with challenges concerning assets, personnel, debts, and local interests. When it comes to cross-regional integration, hurdles arise in the form of transferring production capacity indicators, sharing tax revenues, and navigating lengthy approval procedures. To a significant extent, these obstacles have impeded the progress of industrial consolidation and high-end transformation. To tackle these issues, the CAAM is committed to acting as a liaison between the government and businesses. It will promptly communicate the challenges and requirements that arise during corporate integration processes. The association is calling for policy enhancements in areas such as capacity replacement, tax allocation, asset disposition, and personnel placement, aiming to pave the way for smoother market-oriented integration. Simultaneously, the CAAM will intensify its monitoring of industry operations and self-regulatory efforts. It will spotlight successful resource integration cases, steer enterprises towards rational competition and collaborative innovation, and collectively cultivate an industrial ecosystem that promotes the survival of the fittest and collaborative advancement. This strategic approach is designed to bolster the high-quality development of China's intelligent connected new energy vehicle sector and expedite its journey towards becoming a global automotive leader.
