The advantage of starting first is evident to all.

Thanks to forward-looking national policy guidance and collective follow-up by enterprises, China's new energy vehicles have formed a first mover advantage.

From the perspective of market size, China has become the world's largest new energy vehicle market, with production and sales consistently ranking first in the world for 8 consecutive years. In 2022, the sales of new energy vehicles in China reached 6.887 million units, a year-on-year increase of 93.4%, and the penetration rate reached 25.6%. This achieved the phased goal of 2025 set in the "New Energy Vehicle Industry Development Plan (2021-2035)" in advance, and took the lead in entering the explosive period of scale expansion and the expansion period of comprehensive marketization.

From the perspective of industrial system, China has established a relatively complete industrial chain supply chain system that covers key materials, power batteries, electric motors and electronic control, vehicle and charging facilities, manufacturing equipment, recycling, and other structures. Among them, the performance in the field of power batteries is particularly impressive. The power batteries produced by leading enterprises represented by Ningde Times have entered the supporting system of internationally renowned vehicle enterprises such as BMW and Volkswagen, and the industrial support has been greatly enhanced.

From the perspective of technological level, China's new energy vehicle products have achieved a leap from "catching up" to "leading". The electricity consumption level of mainstream pure electric passenger cars has decreased from 15.7 kWh/100 kilometers in 2016 to 12.5 kWh/100 kilometers, significantly improving energy efficiency; The driving range has also increased from 253 kilometers in 2016 to over 400 kilometers, effectively alleviating consumers' mileage anxiety. With the advancement of technology, new energy vehicles have more obvious advantages in terms of smoothness and driving comfort.

From a brand perspective, the new forces of car manufacturing represented by NIO and Ideal, as well as traditional car companies and new brands represented by Jikron and Avita, seize the opportunity of electrification and intelligent transformation, design and develop a series of high-end brand products for new energy vehicles, gradually gaining market recognition. Data shows that in 2022, Chinese brands accounted for as much as 80% of the new energy passenger vehicle market. Chinese brands have already accounted for half of the top 20 global sales of new energy passenger vehicles. At the recently concluded Shanghai International Auto Show, many Chinese brands became the hottest booths, highlighting the comprehensive rise of Chinese brand new energy vehicles.

Chinese car companies already have advantages in the new energy industry and technology, and have the ability to provide better products and services to the world. "Changan Automobile Chairman Zhu Huarong said that with the rapid breakthrough and application of new energy and intelligent technology, coupled with leading global styling design, Chinese brands are currently facing the best opportunity to change lanes or even overtake.

Enhance the competitiveness of "long-distance runners"

However, car building is a marathon race.

In the process of global automobile electrification, China's automobile industry has achieved remarkable results with its first mover advantage. However, this is only the first half of the automobile revolution, and the second half is based on high-tech networking, intelligence, and digitization.