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At a time when the global automotive industry is undergoing great changes, the debate between electric vehicles and traditional fuel vehicles is in full swing.
However, it is puzzling that Western countries seem to show some resistance in this area, and even reinvest heavily in the development of internal combustion engines.
In contrast, China is firmly at the forefront of new energy sources.
What exactly is the reason behind this? Let's dive in.
1. The West is behind the return of the internal combustion engine
Recently, Stellantis, the world's fourth-largest automotive group, announced that it would invest $6 billion in South America.
It is used in the development of internal combustion engines for new engines and new models.
This unprecedented investment will drive the introduction of more than 40 new models and flex-fuel engines.
The engine runs not only gasoline, but also ethanol. This move undoubtedly marks the continued focus of Western automakers on internal combustion engine technology.
Although it seems that Western car companies are showing some kind of retreat in the field of new energy.
But in reality, they never really gave up on the development of electric vehicles.
For example, German luxury brand Porsche plans to reduce its investment in combustion engine vehicles by 2027 and achieve all-electric 80% of its models by 2030.
Brands such as Mercedes-Benz and Audi have also publicly stated that they will continue to promote the transition to electrification.
2. The dilemma of the new energy transition
So, why is the pace of electrification slowing down by Western automakers?
First of all, overly aggressive transformation goals do not conform to the laws of the market.
European and U.S. automakers are overly idealistic when setting electrification targets, ignoring the actual market demand and consumer acceptance.
Second, the reduction in government subsidies is an important factor.
The rapid development of the new energy industry relies heavily on high government subsidies.
However, the current slowdown in global economic growth, coupled with the Russia-Ukraine conflict and tensions in the Middle East, has made it difficult for European countries to continue to invest heavily in new energy projects.
This reality has forced many OEMs to reevaluate their strategies.
In addition, the rapid development of China's new energy industry has also brought great pressure to European and American car companies.
Chinese automakers have made significant progress in technological innovation and patent accumulation, and the government's high level of support and favorable policies have further promoted this process.
This makes European and American car companies face more fierce competition in the field of new energy.
3. China's new energy strategy
Compared with the West, China has been more prudent and pragmatic in its new energy transition.
Fu Yuwu, chairman of the Society of Automotive Engineers of China, pointed out that Chinese car companies have not set too radical goals in the new energy transformation, but are advancing step by step.
This rational and scientific attitude has enabled China to make steady progress in the field of new energy.
At the same time, Liang Huaixin of the research institute believes that China's success lies in three points.
The goal setting is reasonable, the government support is strong, and the industry is developing rapidly.
The combination of these factors has made China's new energy vehicle companies occupy an increasingly important position in the global market.
4. Global new energy outlook for the future
Although it seems that the West has retreated in the field of new energy, this does not mean that they have given up on exploring this field.
Rather, it is a strategic realignment aimed at finding a path of transformation that is more in line with its own realities.
In the future, with the further development of technology and the gradual maturity of the market, the investment and innovation of Western countries in the field of new energy will gradually increase.
The persistence and continuous innovation of Chinese automakers on the road of new energy will play an increasingly important role in the global auto industry.
The future automotive industry will be a battlefield full of opportunities and challenges, and major car companies will seek new breakthroughs and development in this silent competition.
To sum up, the strategic adjustment of Western countries in the field of new energy.
There are not only considerations of market laws, but also the influence of the economic and political environment.
China's steadfastness in the field of new energy reflects its strategic vision for long-term development.
Who will emerge victorious in this revolution in the global automotive industry? Only time will tell.
But what is certain is that whether it is China or Western countries, the future automobile market will usher in a new competition and development.
What do you have to say about this? Feel free to leave your thoughts in the comment section!