中国“玩腻”的技术，在欧洲一夜翻红

Core Viewpoint - The EU has proposed to relax the ban on fuel vehicles, reducing the 100% zero-emission target for new cars by 2035 to a 90% reduction target, allowing plug-in hybrid vehicles and fuel-extended electric vehicles to continue sales post-2035 [2] Group 1: EU Policy Changes - The EU's decision marks a significant concession in its green policy, prompting a reevaluation of future development paths in the global automotive industry [2] - The new framework allows for the continued sale of certain plug-in hybrid and fuel-extended electric vehicles in the EU after 2035 [2] Group 2: China's Hybrid Market Dynamics - China's hybrid market is experiencing a slowdown in growth, with the penetration rate of new energy hybrid vehicles rising from 1.68% in 2018 to 23.07% in 2024, but facing challenges in 2025 [4] - The overall retail growth rate for new energy passenger vehicles is 21.9%, while the growth for fuel-extended vehicles is only 5%-6%, significantly lower than the 12.2% growth for plug-in hybrids [4] Group 3: Long-term Outlook for Hybrid Systems - Experts agree that the current slowdown in hybrid vehicle growth is a temporary adjustment rather than a long-term trend, with future growth expected to rely on technological upgrades and international expansion [7] - The long-term demand for hybrid systems in China is projected to remain strong, with a significant development window until 2040 [7][14] Group 4: Technological Breakthroughs - Key areas for technological breakthroughs in hybrid systems include NVH optimization, fuel consumption reduction, and thermal management upgrades [23][24] - The integration of AI in hybrid systems is seen as a crucial factor for enhancing efficiency and user experience [35][39] Group 5: Global Expansion and Standardization - The hybrid vehicle market is expected to expand internationally, with challenges related to local compliance, varying regulations, and brand recognition in foreign markets [40][41] - Experts emphasize the importance of establishing international standards and participating in local standard-setting processes to enhance competitiveness in global markets [47][49]