The 2024 ESG Global Leaders Conference was held in Shanghai from October 16th to 18th. Liu Erhai, founding and managing partner of Yue Capital, attended and delivered a speech. Liu Erhai stated that market forces play an important role in driving the ESG development of new energy vehicles. Consumers actively purchase new energy vehicles, which is a highly market-driven force. By buying new energy vehicles, overall pollution is reduced, and green environmental protection has rapidly developed. In addition, the rapid decrease in the cost of batteries has achieved economies of scale for the entire industry, leading to a rapid increase in the penetration rate of new energy vehicles.