News

The development of new energy vehicles is the only way for China to move from a major automotive country to a strong automotive power. Breaking through weak links and enhancing industrial basic capabilities are the responsibilities of leading enterprises in the new energy vehicle industry.

At present, a new round of technological revolution and industrial transformation is flourishing, and the technology integration of automobiles with energy, transportation, information communication and other fields is accelerating. Electrification, intelligence, and networking have become the development trend and trend of the automotive industry. The form of automotive products, transportation modes, and energy consumption structure are undergoing profound changes, providing unprecedented development opportunities for the new energy vehicle industry. It can be foreseen that new energy vehicles will become the main direction for the transformation and development of the global automotive industry and an important engine for promoting sustained global economic growth.

The development of new energy vehicles is the only way for China to move from a major automotive country to an automotive powerhouse, and is a strategic measure to address climate change and promote green development. In recent years, China's new energy vehicles have entered a new stage of accelerated development, ranking first in the world in terms of transaction volume for five consecutive years, with a cumulative promotion volume exceeding 4.8 million vehicles, accounting for more than half of the global market. However, currently, the sales of new energy vehicles in China only account for about 5% of the overall car sales, and there is still a lot of room for growth from the target set in the "New Energy Vehicle Industry Development Plan (2021-2035)" to reach about 20% of the total sales of new energy vehicles by 2025.

Yiwei will seize the opportunity and face a new round of challenges.