What does it mean to break through 20 million Alternative fuel vehicle

2023-07-07

This week, with a liquid titanium silver Haoplatinum GT driving off the production line, China's 20th millionth new energy vehicle was born in GAC Aian. This is the highlight moment of GAC Aian and also the highlight moment of China's automotive industry. It took 27 years from the first new energy vehicle "Yuan Wang-class tracking ship" in 1995 to the first breakthrough of 10 million vehicles; It only took 17 months to go from 10 million vehicles to the 20th million vehicles offline. The changes in time and numbers demonstrate the acceleration of the rise of new energy vehicles in China, outlining the high-quality development trajectory of China's automotive industry. The automobile industry is an important symbol of a country's manufacturing strength, known as the "pearl on the crown of modern industry". New energy vehicles are the main direction for the transformation, upgrading, and green development of the global automotive industry, and also a strategic choice for the high-quality development of China's automotive industry. In the face of major industrial changes, China has taken the lead in establishing a national strategy for the development of new energy vehicles globally, continuing to formulate industrial development plans for 2020 and 2035, and establishing top-level design and promotion mechanisms for industrial development. Various departments have launched more than 70 supporting policy measures, and various regions have introduced supporting policies based on their own actual conditions. Industry enterprises have accelerated their innovation pace, jointly promoting the development of China's new energy vehicle industry to gain global comparative advantages. The production of new energy vehicles has exceeded 20 million units, which is a manifestation of national strategic leadership and corporate innovation, as well as a demonstration of the advantages of a large-scale market and the popularization of green consumption concepts. As a technology, capital, and talent intensive long-term industry, the development of automotive products is based on the enterprise's grasp of consumption trends and advanced technology. Without precise insights into consumer trends, high-tech and cost-effective products, it is difficult to achieve a leap of tens of millions of new energy vehicle production in a short period of time. And China's huge population base and far lower car ownership per thousand people than developed countries in Europe and America also provide fundamental impetus for the rapid growth of the new energy vehicle industry. The production of new energy vehicles has exceeded 20 million units, further consolidating China's position as the world's largest producer, seller, and exporter of new energy vehicles in market competition, and accelerating the process of China's transition from an automotive powerhouse to an automotive powerhouse. From the perspective of industrial laws, after more than 20 years of introduction and cultivation, China's new energy vehicles have entered a new stage of large-scale, globalized, and high-quality development on the basis of industrialization and marketization, becoming an important component of the modern industrial system supported by the real economy, which is precisely what we are striving for. Based on the current production and sales scale and growth rate, the industry expects the third ten million vehicles to be achieved by July next year. The sustained high growth and rising scale of new energy vehicles are driving the integration of upstream and downstream industrial chains and supply chains, which will become a strong driving force for China's economic growth. This year marks the 70th anniversary of the birth of China's automotive industry. From the establishment of a factory in FAW Changchun to the joint venture of Beijing Jeep, and then to the rise of private independent brands represented by Geely, China's automotive industry has always played a catch-up role in the gasoline vehicle race. With the acceleration of a new round of technological revolution and industrial transformation, electrification and intelligence have become new trends. China's automotive industry has seized the opportunity to change lanes and overtake new energy vehicles

Edit:Hou Wenzhe    Responsible editor:WeiZe

Source:economic daily

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