People's Financial Review: Let the world see the technological innovation of China's new energy vehicles
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The development of new energy vehicles is the only way for China to move from a big automobile country to a powerful automobile country. It is necessary to increase research and development efforts, seriously study the market, make good use of the flexible policies, and develop products that meet various needs, so as to make it a strong growth point.

In 2023, China's automobile production and sales will exceed 30 million for the first time, keeping the first place in the global market for 15 consecutive years. Among them, the production and sales of new energy vehicles have ranked first in the world for nine consecutive years. It is worth mentioning that in April this year, 516000 passenger cars were sold in China, including 260000 new energy vehicles. What makes new energy vehicle people excited is that in April, China's new energy vehicle retail accounted for more than 50% for the first time, sharing the world with fuel vehicles, and playing a major role in China's automobile development. China completed the planning requirement of "the penetration rate of new energy vehicles will reach more than 50% by 2035" in the Technical Roadmap 2.0 of Energy Saving and New Energy Vehicles 11 years ahead of schedule.

"New energy vehicles, lithium batteries and photovoltaic products have added a new light to Chinese manufacturing." China's automobile industry can have today's achievements and form a new force of new energy vehicle manufacturing that has grown rapidly. Behind it is the hard work of several generations of Chinese automobile people. At present, the automotive industry has entered a century of unprecedented changes in new energy intelligence, and the future of the automotive industry has a long way to go.

In the industrial era, the pricing power and iteration power of goods are in the hands of enterprises, and the control of upstream and downstream supply chains has become the best commercial moat. Today, iteration and inclusive benefit are the first productive forces in the face of the largest automotive consumer market. In the future, the mission of all automobile enterprises is to provide people with "easy-to-use and inexpensive" products.

It can be said that at present, China's new energy vehicles have comprehensive advantages in technology, cost and system. In terms of technical advantages, the "three electricity" technology of battery, motor and electronic control of China's new energy vehicles has taken the lead in the world. Among them, the battery has the greatest competitive advantage. At present, more than half of the top ten power battery sales enterprises in the world are from China. In terms of cost, China's new energy vehicles continue to achieve equal consumption rights. For example, the industry's high-end 800V platform architecture and 8295 vehicle scale chips have achieved the goal of getting on the vehicle within 200000 yuan. New energy vehicles have changed from the past "equal price of oil and electricity" to "lower price of electricity than oil". In terms of intelligence, China has also made important breakthroughs in the development of new energy vehicles. Many domestic automobile enterprises have launched new energy vehicle products with automatic driving function, and have achieved good results in practical application.

At the same time, China is also strengthening the construction of intelligent transportation infrastructure, promoting the deep integration of new energy vehicles and intelligent transportation systems, and providing strong support for intelligent travel. As for the construction of new energy technology facilities, by March 2024, the charging infrastructure in China has reached 9.312 million units, up 59.4% year on year. The growth rate of this figure is remarkable, which shows China's determination and strength in the construction of new energy vehicle charging facilities, and has a profound impact on the further development of the new energy vehicle market. China's new energy vehicles have not only reached the forefront of the development of the domestic automobile industry, but also become a pioneer in leading the transformation and transformation of the global automobile industry.

Opportunities are also full of challenges. The next step for China's new energy vehicle industry is to form global cooperation with overseas third parties, and transform from vehicle to technology and standard. At the same time as globalization, China's new energy vehicle industry should continue to realize the coverage of technology and services to grass-roots areas.

Under the guidance of national policies, new energy vehicles, as one of the new quality productivity to promote green development and transformation and upgrading of the industry, have become a new driving force to foster high-quality development in China. As a member of the industry, every Chinese new energy vehicle enterprise should closely follow the guidance of national policies, adhere to innovation driven, constantly improve the technical level and market competitiveness of new energy vehicles, and contribute to the healthy development of China's new energy vehicle industry.

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