China’s Automotive Industry: 2022 Review and 2023 Outlook

China’s Automotive Industry: 2022 Review and 2023 Outlook

Bill Russo, chair of the Automotive Committee at the American Chamber of Commerce in Shanghai, shares his insights.

GlobalAutoIndustry.com’s latest Audio Interview “China’s Automotive Industry: 2022 Review and 2023 Outlook” features Bill Russo, the Shanghai-based founder and CEO of Automobility Limited, a strategy and investment advisory firm helping its clients to create the future of mobility. His over 40 years of experience includes 16 years as an automotive executive, including 19 years of experience in China and Asia. He has also worked nearly 12 years in the electronics and information technology industries. He has worked as an advisor and consultant for numerous multinational and local Chinese firms in the formulation and implementation of their global market and product strategies. Russo also is currently serving as the Chair of the Automotive Committee at the American Chamber of Commerce in Shanghai.

In the 19-minute audio interview, Russo discusses these questions:

  • What will happen to the PV market now that incentives have expired, and demand has been pulled ahead into 2023? 
  • Will there be a speed bump for the NEV market now that purchase subsidies have been eliminated?
  • Will China step in to provide additional stimulus and is this even conceivable as China’s economy recovers from zero-COVID?
  • With foreign brands now selling fewer than half of cars in China, who will be the next to exit the market?
  • With 126 new BEV models and 55 new PHEV models launching in China in 2023, who will be the winners?

About Bill Russo:

Founder & CEO, Automobility Limited

In his current role, Russo advises start-ups, corporations and investors on how to maximize their participation in China’s Automobility Revolution. In order to achieve success, he believes they must expand their focus from the product (the automobile) to the utility derived from the product (“automobility”) and create a business model and digital ecosystem optimized to provide digitally enabled solutions for both car owners and mobility services users. Bill was previously the regional head of Chrysler in Northeast Asia, where he successfully negotiated agreements with partners and obtained required approvals from the China government to bring six new vehicle programs to the market in a three-year period, while concurrently establishing an infrastructure for local sourcing and sales distribution. Mr. Russo has a Bachelor of Science in Chemical Engineering from Columbia University in New York, and a Master of Science in Manufacturing Systems Engineering from Lehigh University in Bethlehem, Pennsylvania. Russo is a highly sought-after opinion leader on the development of the China market and the automotive industry.

Click here to listen to the audio interview.

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