China to become the world's electric vehicle research and development "main force"

The Chinese automotive industry has a growing presence at the Frankfurt International Motor Show, with 79 Chinese companies this year making up the strongest foreign representation at the show. This phenomenon can be attributed to the strong position and global visibility of China's automobile manufacturing industry. The widespread presence of Chinese automakers during the European Motor show is due to the fact that the EU has the most stringent vehicle emission standards recognized globally. According to EU requirements, the CO2 emissions of new cars produced by every European car manufacturer are limited to 130 g/km or less. The EU is also currently discussing tightening emissions reduction standards, which are expected to reduce CO2 emissions from new cars by an additional 37.5% by 2030 compared to 2021 standards. Engineering improvements with conventional internal combustion engines alone will not achieve this goal, so Europe is starting to learn from China's experience.

China, the world's largest NEV market, sold 1.3 million vehicles last year and is expected to sell 1.5 million this year. This has caught the attention of European carmakers. China has not only developed the consumer market for new energy vehicles, but is also working to ensure that it has an absolute competitive advantage in the field of rechargeable battery production. If European car manufacturers want to follow the trend and continue to produce competitive products, they must cooperate with China. Although China cannot occupy the world's leading position in the traditional automotive sector, it has the advantages and opportunities to lead the electric vehicle industry.

Given that lithium could become the "new oil" of the 21st century, China's dominance in the international lithium market is very beneficial. China is working to expand its lithium battery production capacity to meet growing domestic and international demand. China's auto industry is becoming more and more influential in the world, and cooperation with China is a wise choice for European automakers. Through cooperation, they can share China's experience and resources in new energy vehicle technology, charging infrastructure and battery technology to enhance product competitiveness and meet consumer demand for environmentally friendly vehicles. In short, the status of China's automobile manufacturing industry in the world continues to strengthen, especially in the field of new energy vehicles has obvious advantages. The cooperation between China and European car manufacturers will bring opportunities for mutual benefit and promote the development of the entire industry. European car manufacturers should seize the opportunity to cooperate with China in order to remain competitive and follow global changes.