① The rise of independent brands: In October, the market share of independent brand passenger cars reached 70.1%, breaking through 70% for the first time in history. In the retail of new energy vehicles, Chinese brands account for over 90%. In addition, domestic brand passenger cars are expected to account for 7% of the total annual sales. Behind this data lies the outstanding performance and precise market strategy of domestic brands in the field of new energy vehicles, marking a new peak for China's automotive industry.
② The 'Battle Royale' begins: At the beginning of the year, Gaohe Automobile, once regarded as a high-end representative of the new car making force, suddenly announced the news of production and shutdown. Although there have been continuous news of restructuring, it has not yet been revived to this day. At the end of the year, the "strong alliance" between Geely and Baidu to create Jiyue Automobile also exploded, causing a large number of employees to suddenly lose their jobs. From the beginning to the end of the explosion, 2024 has become the "first year" of the explosion of new energy vehicles.
③ Breakthrough in battery technology: This year, solid-state battery technology has achieved a key breakthrough. Several battery manufacturers, including Penghui, AVIC, Yiwei, Ningde, and Guoxuan, have entered the trial and testing stage of their all solid state battery products. Multiple technological routes are advancing simultaneously, and the industrialization process is accelerating. However, it still takes time from trial production to vehicle installation, and most manufacturers have announced mass production dates after 2026.
④ The risk of going abroad has surged: At the end of the year, the European Union announced an additional temporary countervailing duty of up to 35.3% on electric vehicles imported from China, in addition to the 10% import tariff. Among them, SAIC Group has 35.3%, Geely Automobile has 18.8%, BYD has 17%, Tesla has 7.8%, other cooperative enterprises have 20.7%, and all non cooperative enterprises have 35.3%. Although Bernd Lang, Chairman of the International Trade Committee of the European Parliament at the end of the year, stated that a decision to cancel tariffs with China is approaching, the uncertainty of new energy vehicles going global is increasing in the current international situation.
Wheel Hub Unit,ODM Wheel Hub Unit,Wheel Hub Unit Factory,Wheel Hub Unit Exporter
