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TheStreet Open House

CEIBS Holds 10th Annual China Automotive Industry Forum 2012

In the day's closing session, Dr. Young-Sup Joo, the Managing Director of Korea's Office of Strategic R&D Planning for Core Industries of Ministry of Knowledge Economy, and Prof. Ouyang Minggao, Director of the State Key Laboratory of Automotive Safety and Energy at Tsinghua University spoke about "The Technologies of the Future."

Dr. Young's speech focused on the "Future Technology Direction of the Korean and Global Automotive Industry."  The industry is in transition, and we can expect major changes in the global automobile landscape, he argued, particularly in the areas of green technology, smart innovation (as with embedded intelligence and electronics, and synthesising of ICT), and convergence and integration (the creation of new value and the expansion of the auto industry with new business models).

In talking about green innovation, Dr. Young detailed four options for green cars, describing their pros and cons: HEV, clean diesel, EV/PHEV, FCEV. "New business models and government support are crucial" for the success of these technologies, he said, asserting that private-public partnerships should be expanded and that industry and government should cooperate more. He added that the key to success for smart cars are new features and functionalities, core technologies, complexity management, and new business models.  Dr. Young also encouraged those in the industry to work more with infotainment ecosystems, focusing on wired/wireless carriers, apps, and other high-tech systems.

Prof. Ouyang Minggao then spoke, giving an "Outline of the Progress of China's R&D on Energy-Saving and New Energy Vehicles".  From 2001, China had worked on major developmental projects, Mr. Ouyang noted. He went on to describe China's focus on R&D for environmentally friendly vehicles' key components and parts. The lithium battery has shown marked improvement, power systems have been further developed, battery recharge stations have been established, and prototypes for alternative fuels are being examined, he recounted.

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