| This article introduces the applying and managing status and level of virtual engineering technology in the automobile industry in the world, including in China. It demonstrates the economic meaning of applying this technology and its management, which decides on the future competence ability of one corporation. This article studies the below content in detail: the basic concepts of virtual engineering technology and its management, and its role in the vehicle development process, and management procedure, and necessary inputs for conducting virtual engineering activities, and standardized work, organization structure and responsibilities of pertinent workers. Some basic principles and methodologies have been discussed in this article. In the end, this article emphasizes the chance and challenge for China. |