CAPAS will continue to promote trade opportunities and the advancement of the automotive industry in Southwest China.
CAPAS to Spotlight Current Trends
The Chengdu International Trade Fair for Automotive Parts and Aftermarket Services (CAPAS) will take place from 18th to 20th May 2023 at the Chengdu Century City New International Exhibition & Convention Center.
The show will continue to actively promote trade opportunities and the advancement of the automotive industry in Southwest China by hosting an expected 550 exhibitors across 40,000 sqm of space. In this regard, showcases and value-added events offer an all-round platform for industrial development and stimulating the consumer market.
In a critical year for restoring commercial activity, China has introduced a number of policies to boost domestic demand, strengthen industrial chains and upgrade industries. As a pillar sector, the automotive industry plays a key role in national economy. In addition, accelerating new energy vehicle development and connected mobility has become a core task in the long-term goal of reaching the carbon peak and neutrality.
Responding to these calls, CAPAS 2023 will spotlight current trends, encourage business and information exchange, as well as explore Chengdu-Chongqing’s position under the influence of the Regional Comprehensive Economic Partnership (RCEP).
James Yu, General Manager of Messe Frankfurt (Shanghai) Co Ltd, said: “It is clear that players are looking outward for collaboration in the China market as well as overseas. Therefore, we have fine-tuned our range of business services and networking activities at CAPAS in response to the new types of demand we are seeing in the region. I believe these upgrades will demonstrate the geographical reach and manufacturing strengths of Southwest China and help players to expand their business operations.”
CAPAS offers a window into the RCEP market opportunities
Since the RCEP came into effect one year ago, the agreement has helped to integrate markets between 16 countries for stronger cooperation in the global economy. In this regard, China’s frequency of trade and two-way investment in ASEAN and other Asia-Pacific member nations has greatly increased.
As a result, CAPAS will leverage the geographical advantages of Chengdu and explore prospects in the market from the agreement. The 2023 exhibition will feature a number of events to examine the current collaboration between Chengdu-Chongqing and ASEAN in the automotive industry and discuss the policies that support future trade and investment.
Chengdu-Chongqing is one of China’s key hubs for new energy and connected mobility development. As a whole, Sichuan has a network of nearly 100 upstream suppliers in the lithium-Ion battery and battery materials sectors. Recent forecasts also paint a positive picture of Chongqing’s consumer market with new energy vehicles bagging over 20 percent of new car sales by 2025.
To spotlight new energy vehicles manufacturing and automotive parts, CAPAS 2023 will welcome local pavilions from Chongqing with another 14 cities in Sichuan, such as Nanchong, Neijiang and Yibin. Leading companies from these cities will present batteries, semi-conductors, autonomous driving solutions, hydrogen energy, and low-carbon commercial transportations for logistics.
Related events like the China New Energy Vehicle International Cooperation Conference 2023 will provide an in-depth analysis on Chengdu-Chongqing’s automotive industry and the future strategic plans.
In 2022, new energy vehicle sales in Chengdu increased 67 percent while purchases in Chongqing grew by 79.9 percent. The increasing amount of new energy vehicles on roads is creating more opportunities in R&D and aftermarket as the demand for battery testing, motor and electronic controls (the three electrics), talent and maintenance services rises.
In this regard, this year’s show will feature a New Energy Vehicle Maintenance area offering technical training and a workshop about the three electrics, battery testing, and repair tools.
Furthermore, the Car Customising Festival will spotlight self-driving holidays and new energy vehicle customising, prevalent in the Southwest market, with accessories, body and paint customisation, exterior and interior decoration, and maintenance and repair. At the same time, retail stores and car lovers will find an array of presentations with experts sharing their experiences on professional customising and self-driving vacations, as well as live demonstrations for vehicle customising.
At the same time, CAPAS will see a collection of fringe events and services. Forums and technical training will provide insights into industry prospects, with key events such as the Southwest Automotive Aftermarket Summit 2022 and China New Energy Vehicle International Cooperation Conference 2023. The fair’s roadshows across Chongqing, Guangdong, Guizhou, Shaanxi, Sichuan, Tibet, Yunnan, and other provinces and cities also help industry players to keep up momentum during the year and communicate about current supply and demand.
In addition, the year-round hybrid business matching services help buyers to explore procurement channels and exhibitors to connect with their target customers. The aim is to help develop effective cooperation for trade between the two sides. Other events like the VIP Buyers Programme, the Dealers’ Dinner and the Workshops Networking Dinner also help industry players to communicate and seize business opportunities.
CAPAS is jointly organised by CCPIT-Auto, MesseFrankfurt (Shanghai) Co Ltd and CCPIT-Sichuan.