cross-border e-commerce: helping the automotive industry transform and upgrade

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aochuang holdings, inc. (hainan aochuang holdings group), a dealer group with only four 4s stores, has submitted an ipo application to the u.s. securities and exchange commission (sec) and plans to go public at the end of 2024. the company's main business revolves around new energy vehicle sales and services. it actively promotes electric vehicles in hainan province and has made some progress. however, in recent years, china's auto industry has faced severe challenges: price wars, inventory backlogs, intensified market competition and other factors have had a huge impact on dealers' profit margins.

the ipo application of aotron holdings shows thatcross-border e-commercethe model is gradually being widely accepted and applied. it represents an important direction for the transformation and upgrading of the automotive industry. in the future, with the application of new technologies and changes in consumer demand,cross-border e-commerceit will further promote the development of the automotive industry.

from traditional distribution model tocross-border e-commerce：the automotive industry faces new challenges and opportunities

traditional dealers face challenges from market competition, such as:

• fierce competition: the new energy vehicle market is developing rapidly and competitors are constantly emerging.
• inventory backlog: some dealers are facing the problem of excess inventory, which has led to shrinking profit margins.
• market volatility: factors such as policy changes and industry dynamics are having an increasing impact on the market.

cross-border e-commercethe model brings new opportunities to the automotive industry:

• breaking through regional restrictions: expand sales channels and expand overseas markets.
• reduce costs: selling through online platforms can reduce operating costs and logistics costs.
• improve efficiency: automate processes and provide better service experience.

future outlook

cross-border e-commercethe model will continue to drive the development of the automotive industry, but it will also face new challenges:

• laws and regulations: rightcross-border e-commerceregulatory policies and requirements are constantly changing, and dealers need to understand and adapt in a timely manner.
• technological innovation: technological updates and applications will be key factors, requiring continued investment in r&d and talent training.

final,cross-border e-commercethe model will become an important driving force for the transformation and upgrading of the automotive industry, and will push the automotive industry into a new stage.