China's NEV industry exploded in 2022. With the opening of the A-share annual report performance forecast, many industry chain companies handed over impressive “report cards”. As of January 12, companies such as Dingtong Technology, Xiangshan Co., Ltd., Yiwei Lithium Energy, and Xiangxin Technology have disclosed their last year's performance. Industry insiders said that the growth of many NEV industry chain enterprises has been outstanding. Currently, the penetration rate of new energy vehicles in China is far ahead of the rest of the world. Local manufacturers have more advantages in terms of service, delivery, costs, etc., and are rapidly catching up with leading international manufacturers in various segments. It is expected that they will gain more market share and have huge room for development.