“油”又回来了？纯电车企重拾油箱 燃油巨头要做下一代油车

Core Insights - The automotive industry is witnessing a shift where electric vehicle (EV) manufacturers are reintroducing fuel-powered vehicles, indicating a trend towards hybrid and range-extended technologies [1][4][6] - Major automakers, including joint ventures and independent brands, are adopting a dual approach of fuel and electric vehicles, emphasizing the coexistence of both technologies in the market [3][7][11] Group 1: Market Trends - At the 2025 Guangzhou Auto Show, several brands that previously identified as "pure electric" are now showcasing range-extended models, such as the Xiaopeng X9 and Zeekr 9X, highlighting a return to fuel technology [1][4] - The trend is supported by industry experts who predict that internal combustion engine vehicles will still account for about one-third of new car sales by 2040, as per the "Energy Saving and New Energy Vehicle Technology Roadmap 3.0" [10][11] Group 2: Consumer Demand and Technology - The re-emergence of fuel vehicles is driven by consumer concerns over range anxiety, charging infrastructure, and seasonal performance, which hybrid models can effectively address [8][9] - Companies like Xiaopeng and Geely are emphasizing the profitability of hybrid models, with Xiaopeng's X9 range-extended version promising significant cost savings compared to traditional fuel vehicles [4][8] Group 3: Strategic Responses from Automakers - Automakers such as GAC Toyota and Chery are reaffirming their commitment to fuel vehicles while also enhancing their hybrid offerings, indicating a strategic pivot rather than a complete shift to electric [3][7] - The automotive market is expected to maintain a diverse energy structure, with both electric and hybrid vehicles playing crucial roles in meeting consumer needs and adapting to varying regional infrastructure [9][12]