Beijing, March 26, 2024, The Europe Today: Cutting-edge technology, particularly artificial intelligence (AI), has emerged as a critical catalyst for enhancing the competitive edge of China’s new energy vehicle (NEV) industry, highlighted automotive experts and executives at a recent industry forum in Beijing.
During the China EV100 Forum held earlier this month, Ouyang Minggao, an academician of the Chinese Academy of Sciences and Vice-President of the China EV100, underscored the pivotal role of AI in driving advancements in NEV design, manufacturing, management, and recycling processes. He emphasized the significance of leveraging advanced driving-assist technology and progressing toward fully autonomous driving systems to capitalize on opportunities presented by AI.
China, as a global leader in automotive electrification, has witnessed remarkable growth in NEV adoption, with the national penetration rate surpassing 35%, outpacing the global average of 18%. Wang Chuanfu, Founder and CEO of BYD, highlighted the surging prominence of NEVs in the market, with NEV sales accounting for over 48.2% of total car sales during a recent week. He anticipated NEVs to dominate the market, surpassing the 50% mark within the next three months.
Wang emphasized the importance of establishing a robust foundation in electrification to pave the way for automotive intelligence, aligning with BYD’s commitment to offering competitively priced NEV models. As the world’s largest NEV producer, BYD has strategically reduced prices on select models, making them more accessible to consumers.
Echoing sentiments on the evolution of automotive intelligence, An Conghui, Chairman of Geely Auto Group, emphasized that intelligent connected NEVs represent a paradigm shift in productivity, transcending the role of mere replacements for traditional fuel vehicles. Geely aims to position itself as a global leader in NEVs, leveraging its diverse portfolio of brands and expansive global footprint.
EV startup Xpeng emerged as a frontrunner in driving-assist solutions, with its advanced XNGP system boasting an 83% monthly active user rate. CEO He Xiaopeng outlined ambitious cost reduction targets through technological innovation, aiming for a 50% reduction by the end of 2024. Xpeng’s foray into high-level intelligent driving-assist systems reflects a commitment to catering to evolving consumer preferences, with plans to launch a new brand targeting younger demographics.
However, competition in the intelligent driving space intensifies, with Huawei’s smart vehicle unit challenging established players. Huawei aims to innovate with its advanced intelligent driving system, despite supply chain constraints affecting pricing dynamics. Horizon Robotics, a leading chipmaker, emphasized the importance of evaluating next-generation autonomous driving systems based on their performance in standard scenarios, efficiency, and human-like behavior.
With over 110 models featuring Horizon Robotics chips, including collaborations with industry giants like BYD and Li Auto, the company remains at the forefront of driving-assist technology innovation, ensuring enhanced comfort and familiarity for users.
The consensus among industry experts underscores the transformative potential of AI in propelling China’s NEV sector to greater heights, fostering innovation, and shaping the future of mobility. As advancements continue to accelerate, collaboration and technological breakthroughs are poised to redefine the automotive landscape in the years ahead.
