Qian Zhan Wang·2025-11-25 07:15Core Insights - The election of Lian Yubo as an academician by the Chinese Academy of Engineering marks a significant milestone, as he is the first technical leader from a private enterprise in the new energy vehicle (NEV) sector to receive this honor, reflecting the industry's transition from following to leading in technology [2][3] Group 1: Industry Development - The Chinese NEV market has experienced rapid growth, with production and sales surpassing 900 million units in 2024, accounting for over 60% of the global market share [3] - In 2015, NEV production and sales first exceeded 1% of the overall automotive industry, establishing China as the largest NEV market globally [3] - The market penetration rate of NEVs has increased from 1% in November 2015 to 40.3% by November 2024, indicating a strong upward trend [5] Group 2: Company Achievements - Lian Yubo has led the development of over 20 vehicle models and more than 100 products during his 20 years at BYD, significantly contributing to the company's success in the NEV sector [2] - The introduction of the blade battery technology and the DM-i super hybrid system has set new safety standards and established BYD as a leader in the industry [2][3] - BYD's sales are projected to exceed 3 million units in 2024, making it the global sales champion in the NEV market [3] Group 3: Future Projections - The domestic NEV sales are expected to reach 17 million units by 2025, with a market share approaching 58% [7] - The "old-for-new" policy is anticipated to cover approximately 25 million passenger vehicles, potentially driving an additional 2 million units in new consumption [7]