On May 27th, the "2024 Third Emirati Chinese Automobile Equipment Exhibition" officially opened at the Sharjah Exhibition Center in the UAE. Amidst the vast pursuit of breaking waves and the new beginning of the journey, IBI and Shangang Group held the global launch ceremony of the CNAUTO cross-border e-commerce platform witnessed by professional institutions in the automotive equipment industry, authoritative media, and powerful enterprises from home and abroad.

The event was attended by Thai Ambassador to the UAE, Sorayut Chasombat, Ethiopian Consul General in Dubai, Aklilu Kebede Erena, Angolan Ambassador to the UAE, Julio Maiato, Democratic Republic of the Congo Ambassador to the UAE, Marie Ndjeka Opombo, Côte d'Ivoire Ambassador to the UAE, Diaby Vacaba, Tunisian Consul General in Dubai, Imel Houki-Bounasri, Grenada Consul General in Dubai, Ziva Rahaman, among others, who witnessed the launch ceremony.

Wu Yi, Commercial Counselor of the Consulate General in Dubai, delivered a speech at the launching ceremony, and served as a guest alongside H.E. Sheikh Majid Faisal Khalid AlQasemi, First Vice Chairman of the Sharjah Chamber of Commerce, Yang Xue from the Middle East and Africa Economic and Trade Representative Office of Shandong Province, Liu Zhai, Executive Vice President of IBI and Chairman of CNAUTO, Cong Guodong, Deputy General Manager of Shandong Port Overseas Development Group, and participated in the ribbon-cutting ceremony with Wang Dong, General Manager of Shandong Port West Asia International Co., Ltd., Qu Yan, President of the UAE Shandong Chamber of Commerce, and Fa Wenyan, General Manager of Shandong Zhongzhan Trade Promotion, declaring the start of a new cross-border journey for the automotive equipment industry chain on the CNAUTO platform. After the launch ceremony, guests visited the IBICNAUTO booth, where platform leader Zhang Wei provided a live report, receiving wide recognition.

The global launch of the CNAUTO cross-border e-commerce platform by IBI in collaboration with Shangang Group marks the first step in the collaborative effort of Chinese enterprises going global, promoting the upgrade of the automotive equipment industry chain, and assisting enterprises in reducing costs and increasing efficiency. It is also a pivotal step for the platform in crafting a comprehensive automotive equipment global transaction ecosystem with the full industry chain.CNAUTO integrates resources from the domestic automotive equipment industry chain, focusing on the "1750" strategy (one platform, seven overseas centers, fifty overseas warehouses), dedicated to digital transaction operations, cross-border e-commerce, and digital supply chain services in the automotive industry chain. It aims to provide high-quality automotive equipment and related products (including complete vehicles, parts, rubber, tires, etc.) to global customers, achieving key operational node connectivity—such as 1210 industrial goods bonded preparation warehouse, 9810 cross-border overseas warehouse, 1039 market procurement port warehouse, 0130 cross-border barter settlement, etc. It accomplishes the data sharing and process coordination of customs, taxes, exchanges, policies, business, ports, navigation, warehousing, and finance; with the online trading platform, shipping routes, warehouse network layout, global overseas showrooms, industry exhibitions, category selection, research, and quality control, and production finance technology as core businesses; applying "platform, technology, data" to automotive equipment industry chain scenarios to build a comprehensive automotive equipment global transaction ecosystem, constructing new quality productivity for the digitalized Chinese automotive equipment industry chain going global.