In 2024, China's automotive industry will reach a new level. On January 13th, the China Association of Automobile Manufacturers released the latest data, stating that thanks to the continuous implementation of the "two new" policies and the accelerated transformation of the automotive industry, China's automobile production and sales will exceed 31 million units in 2024. Among them, the production and sales of new energy vehicles have exceeded 12.8 million units, ranking first in the world for 10 consecutive years. The "two new" policies have pushed sales to a new level, achieving a sales growth of 4.5% on the high platform of annual sales of 30 million vehicles, and ultimately stabilizing at a new level of 31 million vehicles. This impressive achievement of the automotive industry in 2024 is full of value. ——The total production and sales of automobiles have been ranked first in the world for 16 consecutive years. In 2024, China's automobile production and sales reached 31.282 million and 31.436 million respectively, an increase of 3.7% and 4.5% year-on-year. Among them, the domestic sales of automobiles reached 25.577 million units, a year-on-year increase of 1.6%, continuously unleashing consumer potential. ——New energy vehicles continue to show a high growth trend. Since 2021, China's new energy vehicles have embarked on an upward development curve, with annual production and sales growth exceeding 30% for four consecutive years. In 2024, the annual production and sales of new energy vehicles will cross the 10 million mark for the first time, with 12.888 million and 12.866 million units respectively, an increase of 34.4% and 35.5% year-on-year. The proportion of new energy vehicles in the total sales of new cars has reached 40.9%, an increase of 9.3 percentage points from 2023. In the passenger car market, the proportion of new energy vehicle sales has exceeded 50% for six consecutive months. ——The leading advantage in automobile exports is becoming increasingly evident. Since 2021, Chinese car companies' overseas expansion has continued to yield results, with a rapid increase in export volume, becoming an important force driving the growth of China's total automobile production and sales. In 2024, despite increasing external pressure, China's automobile exports achieved a year-on-year growth of 19.3%, reaching 5.859 million vehicles. Among them, the export of passenger cars was 4.955 million units, a year-on-year increase of 19.7%; The export of commercial vehicles reached 904000 units, a year-on-year increase of 17.5%. The export of new energy vehicles reached 1.284 million units, a year-on-year increase of 6.7%. Especially for long-range plug-in hybrid and extended range technology products, they have been recognized by overseas users. In 2024, the export of plug-in hybrid vehicles will reach 297000 units, a year-on-year increase of 1.9 times. In the first half of 2024, the overall production and sales of automobiles were not prosperous, and the economic operation of the automobile industry faced difficulties such as high inventory and weak consumption, with significant pressure on both the supply and end markets Chen Shihua, Deputy Secretary General of the China Association of Automobile Manufacturers, said that with the continuous efforts of policies such as the "Two New Policies", the effective implementation of subsidy policies in various regions, and the continued popularity of enterprise promotional activities, consumer vitality is gradually being stimulated. Especially in the third quarter, with the strengthening of policies, the terminal showed a good development trend; The fourth quarter continued to show a positive trend, with monthly production and sales showing a high level. The annual production and sales volume remained stable and improved, standing steadily at the level of 31 million vehicles. Innovation collaboration enhances strength, improves efficiency, reduces costs, and engages in dialogue with automobiles. AI "sprites" can not only understand semantics, but also sense audience emotions based on tone and intonation... Recently, Geely released the "Intelligent Automotive Full Area AI" technology system at the 2025 International Consumer Electronics Show. Gan Jiayue, CEO of Geely Automobile Group, said that by 2025, the latest technological achievements such as end-to-end voice models, AI digital chassis, intelligent cockpit, and intelligent driving developed based on this system will gradually be applied to Geely's new car models. If the focus of competition for new energy vehicles in the first half was electrification, then the key to winning in the second half is intelligence. Statistics show that by 2024, the proportion of new energy vehicles equipped with L2 level or above intelligent assisted driving systems has exceeded 60%. In 2025, with the implementation of advanced intelligent driving solutions such as end-to-end+VLA (visual language action model) and end-to-end+world model, intelligent assisted driving for new energy vehicles will further develop. At the same time, models from brands such as BYD and GAC Aion priced at around 150000 yuan are equipped with advanced intelligent driving, and the popularization of intelligent driving is expected to become another booster for the growth of new energy vehicle production and sales. In addition to seeking competitiveness through innovation, leveraging synergies, improving efficiency, and reducing costs has also become one of the strategies for major brands to cope with fierce market competition. In November 2024, Jike and Lynk&Co announced their merger. It is estimated that the new group will save 10% to 20% of research and development and management expenses, 5% to 8% of material costs, and 3% to 5% of manufacturing costs. Coincidentally, Guangzhou Automobile Group has recently integrated the marketing areas of GAC Motor and Aion, and taken a series of measures to reduce operating costs and improve management efficiency. The overall opportunities in the European market outweigh the risks Deng Chenghao, the General Manager of Deep Blue Automotive, who has just completed a one month European research, told reporters that there are significant differences in the automotive markets of different European countries, and there are also many sales models for cars. Having good products does not necessarily mean good sales, and it requires cooperation from partners such as dealers and insurance companies. Deng Chenghao said that the two main models of the Deep Blue will enter 90 countries and regions around the world. "Our overseas goal is to sell 100000 units annually." "While recognizing the achievements, we also need to recognize that the current automotive industry still faces many difficulties and challenges, mainly manifested in the deepening adverse effects of external environmental changes, poor endogenous driving force of automotive consumption, intensified industry competition, and sustained pressure on profits." Chen Shihua analyzed that the National Development and Reform Commission and the Ministry of Finance recently issued notices to expand support for the exchange of old for new consumer goods. We believe that with the implementation of a series of policies and the continuous release of policy combination effects, the potential of the automotive market will be further released. It is expected that the automobile market will continue to show a stable and positive development trend in 2025. (New Society)