China Association of Automobile Manufacturers: The domestic automobile market is showing the characteristics of "cold fuel vehicles and hot new energy vehicles".

In recent times, the domestic automobile market has shown the characteristics of "cold for fuel-powered cars, hot for new energy vehicles." In response to this trend, Chen Shihua, Deputy Secretary-General of the China Association of Automobile Manufacturers, analyzed that high fuel prices are driving up the operating costs of fuel-powered cars, highlighting the economic advantages of new energy vehicles. At the same time, domestic auto companies are deeply engaged in innovative research and development, with new energy vehicle models iterated rapidly to meet diverse demands with differentiated products, continuously activating market potential. Chen Shihua stated that the overseas performance of new energy vehicles is impressive, reflecting the concentrated transformation and upgrade of China's automobile industry and the enhancement of comprehensive strength, which is supported by multiple advantages such as policy guidance and industry synergy. "China has a complete and efficient new energy vehicle industry chain, with outstanding economies of scale and strong supply chain risk resistance. At the same time, intelligent functions such as in-car systems, autonomous driving, and cockpit interaction are rapidly iterated, continuously adapting to overseas user demands to drive the ongoing improvement of product core competitiveness."