Current Development Status of China

China's new energy vehicle sector is experiencing a strong momentum, with rapid development in vehicle matching, technology research, and the consumption market for new energy vehicles. Breakthroughs have been made in the corporate, technological, and market domains.

Current Status of Corporate Development

Domestic整车manufacturers in China are developing new energy vehicles through two models. One is to seek paths solely through their own resources. Various automobile companies have been researching new energy vehicles for some time, but the mass production of concept cars and pilot operations only emerged after the issuance of the "Plan" in 2009. As a result, all car manufacturers have joined the race for new energy vehicles, with major automotive-producing provinces like Jilin, Anhui, Guangdong, and Hunan racing to claim territories and implementing policies to encourage local large-scale automobile companies to establish new energy vehicle bases, aiming to gain substantial policy support. Currently, numerous car manufacturers across the country have invested in the research and development of new energy vehicles. This trend includes not only car manufacturers but also energy suppliers, facility construction companies, and technology research enterprises, all of which have joined the fervor of building the necessary infrastructure for new energy vehicles.