Nature Positive Role of the Automotive Sector China Deep dive

Page 11 of 43 · WEF_Nature_Positive_Role_of_the_Automotive_Sector_China_Deep_dive.pdf

China’s automotive sector has grown rapidly, especially over the last few decades. In 2012, China became the largest automotive market, and it continued to grow at an average of 15% each year until 2019.10 In 2023, China became the world’s largest automotive exporter.11 As highlighted in the global report on the automotive sector, the sector depends on environmental assets and ecosystem services to function and grow across its entire value chain, creating significant risk, given the complexity of global supply chains. Accounting for around 35% of global automotive production and close to 40% of global automotive sales, China’s automotive industry is uniquely positioned to spearhead the global transformation of the sector, mitigate nature risk and contribute to nature-positive goals. This report encompasses the entire automotive industry value chain, in alignment with the global report. The definition of the automotive sector can be referred to in Box 1 (page 15) of the global report. End-of-life* dismantling, remanufacturing and recycling Aftersales* Maintenance, service, insuranceB2B sales* Fleet customers, leasing, and other salesUse phase B2C sales* Retail sales and logistics RecyclingRemanufacturingRe-useUpstream Downstream Inorganic and organic feedstock and raw material supply – including metals and minerals, chemicals and agricultural products (e.g. leather, rubber) Energy and water supply Machinery and transport equipment supplyTier 2, 3 and n suppliers Manufacturing of materials and auto part componentsTier 1 suppliers Manufacturing of auto parts Midstream (direct operations) Automotive original equipment manufacturers (OEMs) Manufacturing (fabrication, painting, thin-coating) and assembly of vehiclesIllustrative automotive value chain FIGURE 2 *Sales and aftersales may be conducted by OEMs (midstream) or by independent retailers/service providers (downstream); end-of-life is not covered in the analysis of impacts and dependencies 11 Nature Positive: Role of the Automotive Sector – China Deep-dive
Ask AI what this page says about a topic: