Recently, the world’s major automobile manufacturers have bet on China’s electric vehicle market. On the 28th of this month, German Volkswagen announced that it would invest 15 billion euro in China’s electric vehicle market from 2020 to 2024 with three joint ventures of FAW Volkswagen, SAIC Volkswagen and JAC Volkswagen to produce 15 pure electric vehicles or hybrid vehicles in China, the world’s largest electric vehicle market. In addition, Volkswagen is also actively developing cooperation with Chinese battery suppliers. EV Batteries for its new cars will be purchased from Ningde times, GuoXuan high tech and A123 of Wanxiang Group. As the first large-scale automobile manufacturer to choose to invest heavily in the Chinese market after the epidemic, Volkswagen’s move can be described as an example. At the Beijing auto show, many enterprises expressed their interest in China’s electric vehicle market. < / P > < p > due to the good momentum of economic recovery, this also makes the automobile market, especially the new energy vehicle market, gradually warm up. Previously, according to the data of CAAC, 106000 and 109000 new energy vehicles were produced and sold in August this year, with a year-on-year increase of 17.7% and 25.8%, setting a new record in August. < p > < p > Jochen goller, head of BMW China, said that in China, the new energy vehicle market has changed from a niche market to a mainstream market. Makoto Uchida, CEO of Japan’s Nissan, also said that the recovery of China’s automobile market is remarkable. Therefore, Nissan will launch nine new electric and hybrid models in China by 2025, among which ariya electric SUV, which has attracted much attention, will also be listed in China. < p > < p > previously, due to the epidemic situation and subsidy, China’s electric vehicle market was once depressed, but the strict new emission standards are promoting the electrification process of major brands. Wu Zhixin, deputy general manager of China Automotive Technology Research Center Co., Ltd., said on the 29th that according to the medium and long-term development plan and industry consensus of the automobile industry, the development of automobile electrification will be accelerated in the next 15 years and the market share will be increased rapidly. < / P > < p > it is estimated that in 2025, the number of new energy vehicles will exceed 25 million, accounting for 15% to 25% of the total sales; in 2030, the number will exceed 80 million, accounting for 30% to 40%; in 2035, the number will exceed 160 million, accounting for 50% to 60% of the sales, and pure electric vehicles will account for more than 90%. < / P > < p > looking at the competition pattern, Tesla’s model 3 produced in Shanghai factory is the highest selling new energy vehicle in China, and the new forces of local car making, Weilai, idealist, Xiaopeng and Weima, also have a strong momentum, attracting billions of dollars of capital in just a few years. Tu Le, founder of Sino auto insights, a consulting firm, says traditional car makers are fighting a battle with new car makers, but they won’t completely overshadow rookies. < / P > < p > this time, many international automobile companies bet on the Chinese market, which is equivalent to announcing that they have joined the new energy vehicle scuffle. But facing the huge incremental market of new energy vehicles in China, perhaps these enterprises are facing not only the problem of how to divide the cake, but how to make the cake bigger. < / P > < p > moreover, for traditional automobile manufacturers, due to word-of-mouth, mature production lines and industrial chain support, they will not worry about the loss of profits caused by huge advertising and price war. Spontaneous combustion at a Guangzhou Motor vehicle intersection and other traffic lights in Shenzhen

By ibmwl