The Ministry of Industry and Information Technology and six other departments recently jointly issued the "Implementation Plan for Enhancing the Adaptability of Supply and Demand of Consumer Goods and Further Promoting Consumption" (hereinafter referred to as the "Plan"). The plan proposes to form 3 trillion level consumer sectors and 10 billion level consumer hotspots by 2027. Intelligent connected new energy vehicles, as one of the three trillion level consumer sectors with key layout, are expected to usher in new development opportunities. According to data from the China Association of Automobile Manufacturers, in the first 10 months of this year, China's automobile production and sales reached 27.692 million and 27.687 million respectively, with a year-on-year growth of over 10%. Among them, the production and sales of new energy vehicles reached 13.015 million and 12.943 million respectively, an increase of 33.1% and 32.7% year-on-year. It is worth noting that in October, the sales of new energy vehicles accounted for 51.6% of the total sales of new cars. This is also the first time that the monthly penetration rate of new energy vehicles in China has exceeded 50%, demonstrating the strong demand for new energy vehicles in the Chinese market and the acceleration of consumption transformation. Previous predictions on the growth rate of new energy vehicles were mainly based on the evolution of electrification technology. The general view is that in the early stages of electrification, it will experience rapid growth. When its market penetration rate reaches 50%, it will enter a relatively balanced development stage, and the growth rate will tend to be flat or even decline. However, the rapid development of intelligent technology is becoming a new driving force for upgrading the new energy vehicle industry. ”Zhang Yongwei, Chairman of Chebaihui, stated that intelligence and electrification mutually promote each other, forming a virtuous cycle of two-way driving. Intelligent connected new energy vehicles are expected to continue to maintain a high-speed growth trend. Fu Bingfeng, Executive Vice President and Secretary General of the China Association of Automobile Manufacturers, introduced that in recent years, under the continuous guidance of national policies and the coordinated promotion of the industrial chain, China's intelligent connected new energy vehicle industry has achieved rapid development and is gradually becoming an important force leading the global automotive technology revolution. Among them, the combined driving assistance (L2 level driving automation) system has entered the stage of large-scale application. According to data from the Ministry of Industry and Information Technology, in the first three quarters of this year, the sales of new passenger cars with combined driving assistance function (L2) increased by 21.2% year-on-year, with a penetration rate of 64%. With continuous breakthroughs in software and hardware technologies such as sensors, chips, and software algorithms, the integration of combined driving assistance functions is accelerating, and gradually moving towards an intelligent system form with multi scene perception and continuous control capabilities. More and more companies are deploying it to more vehicle models, and the combination of driving assistance functions is accelerating into a large-scale and deep level application stage. ”Fu Bingfeng said. The report "Prediction of Incremental Output Value of Vehicle Road Cloud Integrated Intelligent Connected Vehicle Industry" released by the China Society of Automotive Engineers shows that under a neutral expected scenario, the incremental output value of the vehicle road cloud integrated intelligent connected vehicle industry will reach 2582.5 billion yuan by 2030. Intelligent connected new energy vehicles can widely absorb new technologies and developments in informatization, networking, intelligence, big data, cloud computing, as well as new materials, power electronics, advanced manufacturing, and other fields. They are a large platform for the integration and innovation of many industries. Intelligent driving will provide a high-level application scenario for digitalization and artificial intelligence, promoting artificial intelligence technology to reach a new height. The widespread application of electric vehicles will also promote the optimization of energy structure, the construction of smart grids, the upgrading of transportation infrastructure, the development of new generation mobile communication technology, and the adjustment and transformation of industrial chains. It is a sustained driving force for promoting industrial structure upgrading and driving economic growth. Experts say that the gradual popularization of intelligent connected new energy vehicles will also change people's travel patterns, improve travel efficiency and comfort, reduce traffic congestion and environmental pollution, and effectively promote the construction of smart cities, achieving coordinated development in multiple fields such as transportation, energy, and environment. The Geely Galaxy E8 high-performance version's urban area map free NOA technology, which innovatively adapts to new demands, can accurately identify temporary construction sections; Dongfeng Lantu Dreamer Mountain and River is equipped with Huawei Qiankun Intelligent Driving ADS 4, which has been fully upgraded in hardware, architecture, and algorithms; The BMW panoramic iDrive system transforms the windshield into an AR display, increasing the voice response speed to 0.8 seconds... The 23rd Guangzhou International Auto Show, held recently with the theme of "New Technology, New Life", showcased multiple intelligent connected new energy vehicles, fully demonstrating the new landscape of future travel and attracting consumer attention. Currently, intelligence has become the second major factor for new energy vehicle consumers to purchase cars, second only to power. For some young consumers, the intelligent experience has even surpassed traditional automotive performance indicators. Faced with changes in market demand, more and more car companies are starting to view intelligence as a competitive point for product differentiation, and adapting to new consumer demands through innovative supply. In the fierce market competition, the main reason why multiple models launched by Geely are selling well is due to their good product quality and performance experience. For example, the durability and reliability of the product, as well as the visual and emotional interaction experience, can meet the needs of customers while addressing their pain points. ”Gan Jiayue, CEO of Geely Automobile Group, believes that the true competitive advantage of the automotive industry ultimately relies on value creation, and car companies need to make efforts from the dimensions of technological innovation, product quality, user experience, etc., to meet the diversified needs of consumers with high-quality supply. Wang Qing, Deputy Director of the Market Economy Research Institute of the Development Research Center of the State Council, believes that the rapid development of intelligent connected new energy vehicles in China is partly due to the overall innovation capability and ecology. The resource elements required for the commercialization of new technologies can be quickly integrated in the market, forming a full industry chain innovation advantage. On the other hand, it benefits from the advantage of a super large market. This is not only reflected in the fact that the market size itself is relatively large, and innovative products can quickly reach the critical point of commercialization, but also in the fact that Chinese consumers are more willing to try and accept new technologies and products. Although there are many opportunities to build a cooperative and win-win new ecosystem, China's intelligent connected new energy vehicle industry still faces three major challenges: first, it has not yet achieved complete autonomy and controllability in key technology fields such as chips, operating systems, and large models; second, problems such as repeated construction, inconsistent standards, and data barriers constrain the overall efficiency of the industry; third, the commercial closed loop in cutting-edge fields such as L3 level and above autonomous driving and vehicle road cloud integration still needs to be broken through. Cracking the above challenges requires gathering high-quality resources from the industry chain and building a national level collaborative innovation platform for the automotive intelligent industry that crosses organizational boundaries and achieves technology co construction and sharing. ”Liu Yigong, Director and General Manager of China FAW Group Co., Ltd., called for action. Zhu Huarong, Chairman of China Changan Automobile Group Co., Ltd., stated that the scale of the intelligent connected new energy vehicle industry is rapidly increasing, and digital intelligent new vehicles will surely become the true future. The globalization of intelligent networking standards can promote a win-win situation for both industries and users. Global standardization in core areas such as technical agreements and functional safety can help car companies reduce redundant research and development and investment, lower industry chain costs, and enable consumers to enjoy seamless cross-border intelligent travel experiences. Zhang Jianyong, Chairman of Beijing Automotive Group Co., Ltd., suggested promoting policy coordination and breaking through cross regional landing barriers. Accelerate the definition of L3 level responsibility boundaries and unify the standards for vehicle road cloud integration. Improve supporting policies such as cross-border data flow and security protection system, provide clear guidance for enterprise scale operation, and fully unleash policy dividends. At the same time, deepen technology sharing to avoid resource waste. In the face of common industry challenges such as perception fusion and high-precision positioning, it is recommended to establish an industry level autonomous driving data pool, testing resource platform, open simulation scene library, and closed testing site. To build a good ecosystem for transformation and upgrading through win-win cooperation. ”Zhang Jinhua, Chairman of the China Society of Automotive Engineers, proposed to deeply understand the incremental expansion opportunities brought by intelligent connected new energy vehicles to the industry. With collaborative innovation as the driving force and ecological co construction as the foundation, we should comprehensively deepen exchanges and cooperation among enterprises, gather advantageous resources to promote the innovative development of new technologies, models, and formats of intelligent connected new energy vehicles, create new engines for value enhancement, broaden new spaces for profit growth, and work together to build a new pattern of cooperative and win-win industrial development. In addition, the government and enterprises should also increase investment in the construction of intelligent networked infrastructure, accelerate the progress of infrastructure construction such as 5G communication networks and intelligent transportation systems. This will provide better support for the development of intelligent connected new energy vehicles, improving transportation efficiency and safety. (New Society)