A team from Shanghai's Jiading district held the investment promotion event "New Four Modernizations in Automotive Industry, Anting's Chip Future — Auto Innovation Park Salon" in Shenzhen, Guangdong province on Feb 17 to seek business cooperation with local partners.
Statistics show that the penetration rate of smart cars in China exceeded 30 percent last year and is expected to reach 70 percent in 2030. The demand for chips in the automobile industry is also witnessing an explosive growth.
During the event, participants called for the construction of an ecosystem suitable for the development of the automotive chip industry. They said that the development of the integrated circuit industry in Shanghai and Shenzhen is complementary. The cooperation between the two regions is expected to accelerate the establishment of the ecosystem in China's auto chip market and further enhance the country's competitiveness.
Sun Jian, general manager of Shanghai Shimao Industrial Co Ltd at the Auto Innovation Park, said solving the problem of relying on imports of chips has become a top priority for China's auto industry.
The park in Shanghai's Anting town is home to the world's most advanced auto parts suppliers in sectors such as automotive electronics, car seats, steering wheels, engines and power batteries, and is surrounded by automakers including Tesla, Volkswagen and General Motors. Anting is constructing the Shanghai Automotive Chip Safety and Testing Industrial Park to create an innovative ecosystem for the entire sector.
Jiading has issued favorable policies to boost the automotive chip industry and attracted companies working in fields such as automotive chip intellectual property, electronic design automation (EDA), design, packaging, testing and modules.