New travel companies will split 40% of profits, and China will seize the initial advantage

New travel companies will split 40% of profits, and China will seize the initial advantage

Recently, Boston Consulting Group showed that by 2035, the three new travel technologies of electrification, self-driving cars and shared travel will account for 40% of the profits in the automotive industry; traditional profit pools including traditional parts supply, hybrid vehicle sales, auto finance and automotive aftermarket will drop to 60% of the profits in the automotive industry.

According to Boston Consulting Group, global new car sales will stop growing significantly in 2025, influenced by consumption trends in China and other developing markets. The popularity of electric vehicles, driverless cars and shared vehicles will eventually stop the growth of new car sales.

Over the next 15 years, OEMs’ competitive position will be threatened by new challengers, including suppliers, on-demand mobility platforms and technology giants, and cities will play an increasingly important role in transportation.

The third-quarter financial reports of Chinese listed companies showed that amid sluggish domestic automobile consumption and an overall downturn in listed vehicle companies, leading companies in the new energy and smart car sectors showed tremendous growth.

Boston Consulting Group predicts that investment in new growth areas will exceed $900 billion between now and 2030, and will exceed $2.4 trillion by 2035, of which the total cumulative investment in autonomous vehicle technology will reach $45 billion, accounting for 1.7% of OEMs' cumulative R&D expenditures.

Cumulative investment in charging infrastructure is expected to reach $130 billion. In addition, the industry is expected to spend $1.8 trillion to produce 72 million self-driving taxis by 2035.

The Boston Consulting Group's report shows that China has an advantage in competing for emerging profit pools. In 2017, China ranked first in the world in terms of electric vehicle battery sales, total number of on-demand trips, and new energy battery production capacity.

As a winner of Toutiao's Qingyun Plan and Baijiahao's Bai+ Plan, the 2019 Baidu Digital Author of the Year, the Baijiahao's Most Popular Author in the Technology Field, the 2019 Sogou Technology and Culture Author, and the 2021 Baijiahao Quarterly Influential Creator, he has won many awards, including the 2013 Sohu Best Industry Media Person, the 2015 China New Media Entrepreneurship Competition Beijing Third Place, the 2015 Guangmang Experience Award, the 2015 China New Media Entrepreneurship Competition Finals Third Place, and the 2018 Baidu Dynamic Annual Powerful Celebrity.

<<:  The profitability of power battery companies has improved, mainly due to the price reduction of raw materials

>>:  Evergrande officially becomes Guanghui's second largest shareholder, with 7.8 billion yuan of additional capital already in place

Recommend

How to design fission posters to achieve high dissemination and high conversion?

Ever since I started operating the business, ther...

What exactly is Occam's razor?

© Ness Labs Leviathan Press: Occam's razor is...

How to use Tik Tok for marketing and traffic generation?

The world belongs to those who seize the initiati...

Android 11 is coming! More Kotlin supports Java or exits Android stage

[[329809]] Google today released the first Androi...

Use this trick well and your user conversion rate will increase exponentially!

Let me tell you a story first: Smart little begga...

Fighting monsters, carving, starting nuclear fusion, why are you everywhere?

When I was a kid, I sat in front of the TV and wa...

China Mobile: Upgrading to 4G without changing number or registration

China Mobile today comprehensively proposed six se...

How to build and operate the core capabilities of membership products?

We must be familiar with membership products, but...