The automotive industry is a power to promote Guangzhou's economic and social development. According to statistics from authorities, as of September, the number of automobiles in Guangzhou exceeded 3 million. It is estimated that by 2025, the automobile production capacity will exceed 5 million, and the output value of the automobile manufacturing industry above the designated size will strive to reach 1 trillion yuan, basically forming a world-class automobile industry cluster. In the field of the automotive key parts industry chain, Guangzhou will accelerate the construction of the Guangzhou International Auto Parts Industry Base, build a comprehensive base for the intelligent and networked automotive electronics industry, and provide strong support for the rapid development of the industry.