Shanghai is focused on the development goal of building the largest automobile industry cluster which features a world-class ecosystem and strong overall competitiveness, and continues to foster integrated collaboration between companies in the industry chain and advanced technology R&D institutes, thus promoting high-quality development of the automobile industry in China.

Industry Advantages

1. Stable Industry and Supply Chain

Shanghai is now home to eight OEM enterprises and more than 600 domestic and foreign major auto parts enterprises.

In 2022, Shanghai produced 3.02 million automobiles. Among them 990,000 NEVs were worth about 288.8 billion yuan ($40.32 billion), increasing by 56.9 percent from the previous year, with both volume and value reaching new highs.

Shanghai has nurtured new intelligent vehicle brands such as IM Motors and Rising Auto, improved the underperforming areas of the industry chain such as automobile key chips and on-board operating systems, and accelerated the establishment of a high-end, emerging, intelligent, modernized and open automobile industry system.

2. Improved Industry Ecology

Clustered over 150,000 high-end inter-disciplinary automotive industry talent, accounting for 22 percent of the total number in China.

Built 620,000 charging piles (a car-to-pile ratio of 1.4:1), retaining its leading position in China.

Established 15 national-level and over 100 municipal-level public service platforms and technology centers to improve the service capacity of the NEVs big data platform, power batteries traceability platform and charging facilities management platform.

Collaboratively built the "1 + 6" Shanghai city cluster to demonstrate the application of fuel cell vehicles and established a NEVs industry association for the YRD region.

3. Continuous Industry Transformation and Upgrading

A total of 900,000 NEVs have been produced in Shanghai, ranking first among cities worldwide.

Shanghai has opened a total of 926 testing roads for intelligent and connected vehicles with a length of 1,800 km, and has issued 458 intelligent and connected vehicle road testing and demonstration application licenses to 27 enterprises, ranking first in road mileage and the numbers of testing enterprises and licenses issued.

Source: Shanghai Foreign Investment Guide 2023