Where are the new opportunities for automotive parts when the penetration rate exceeds 50%?

In the first half of this year, the penetration rate of new energy passenger vehicles in China exceeded 50%, surpassing traditional fuel passenger vehicles for the first time.

50% is actually the dividing line set by national policies and the goal to be achieved by 2035.

Why was it achieved ten years ahead of schedule?

In recent years, the influx of new forces in car manufacturing has injected fresh vitality into the industry, while also bringing fierce competition. Under the huge demand for electric vehicles, the supply of new cars is constantly increasing.

From the new car declaration data and new car announcements, it can be seen that the growth of new energy vehicles available on the market has reached its peak in recent years, and the vehicle matrix of industry players is rapidly expanding. From various applicable scenarios to the mid to high end, the tactics are becoming increasingly consistent.

According to incomplete statistics from the media, there are 106 new energy vehicle models confirmed or planned to be launched in the Chinese market in 2024, setting a record high in recent years. From last year's Ideal L7, WENJIE M7&M9, to this year's Xiaomi SU7, both pure electric and plug-in hybrid models have produced "explosive" models, and compared to them, gasoline cars have already lost their star.