Industry into an accelerated stage of development

--International races landed in China one after another

1907, China hosted the first Peking-Paris rally car race, China's motoring Since then, the sport has opened the prelude; 1954, China's Macau held China's first car race - Macau Grand Prix. Subsequently, China has organized the Hong Kong-Beijing Rally, the National Karting Championship, the National Rally Championship, FIA

GT and other automobile events. In the 21st century, international auto races such as Formula 1, World Motorcycle Championship, and V8 Super Touring Car Race have landed in China one after another. At present, China's motorsports has entered an accelerated stage of development.

Broad prospects for industry development

--Automobile manufacturers intervene in the races

Motor racing has become more and more popular in recent years, and China's motorsports community has attracted more and more manufacturers' attention and support. At present, all the domestic automobile manufacturers - General Motors, Volkswagen, Ford, Citroen, Honda, Nissan and BMW - are involved in various motorsports events by organizing their own teams or providing sponsorship.

--National policy support

In addition, the state has issued a number of policies to support the development of motorsports in China, such as in January 2019, the General Administration of Sport Development and Reform Commission's report on the issuance of the "Action Plan to Further Promote Sports Consumption (2019 -2020)" points out to promote the detailed implementation of the industrial development plan of automobile and motorcycle sports and other sports projects, forming new hot spots of sports consumption; support social forces to organize various types of events at all levels and activities, to create a number of influential, high-quality brand events and so on. On the whole, China's motorsports development prospects are broader.

-More research and analysis of this industry is detailed in the Prospect Industry Research Institute's Market Research and Investment Forecast Analysis Report on China's Automobile Tuning Industry.