Cui Dongshu, the general secretary of the Passenger Vehicle Association, stated that the national market for Electric Vehicles is showing a continuous month-on-month strengthening trend in 2024, with November retail sales reaching 1.26 million units and a penetration rate of 52%. Following the strong growth of range-extended models at the beginning of the year, the scrappage and replacement policies since August have prompted explosive growth in economical electric vehicles and entry-level plug-in hybrids, demonstrating a robust performance for Electric Vehicles increasingly in 2024. This year's growth among leading companies in the car market highlights a trend where strong independent brands are becoming even stronger, especially as traditional independent manufacturers in the Electric Vehicle sector are surpassing new forces, with more and more companies excelling in hybrid, pure electric, and range-extended models.