Core Insights - The article emphasizes the significant breakthroughs in China's automotive industry as outlined in the "Energy-saving and New Energy Vehicle Technology Roadmap 3.0," highlighting the dual focus on quantity and the integration of traditional and electric vehicles [1][2] Summary by Sections Breakthroughs in Automotive Industry - The "14th Five-Year Plan" aims for a total of 38 million vehicles in China by 2025, with a notable increase in new energy vehicles (NEVs) from 15.8 million in 2025 to 34.4 million by 2040, representing a rise from 46% to 84% of total vehicle sales [2] - Traditional energy vehicles are projected to decrease from 18.7 million in 2025 to 6.6 million by 2040, dropping from 54% to 16% of the market share [2] Strategic Importance of Hybrid Vehicles - The roadmap indicates that by 2035, traditional energy passenger vehicles will achieve full hybridization, with internal combustion engine vehicles still accounting for about one-third of new car sales by 2040 [2][3] - The coexistence of hybrid and electric vehicles is seen as strategically important for ensuring a smooth transition in China's automotive industry and energy security [3] Next Generation of Traditional Vehicles - The concept of "next-generation oil vehicles" focuses on achieving parity in user experience with electric vehicles through intelligent upgrades while maintaining core advantages such as reliability and range anxiety [4] - Major automotive companies like Toyota and Mercedes-Benz are advancing their traditional vehicles with smart cockpit and driving assistance technologies, enhancing the user experience to be comparable to that of electric vehicles [5] Consumer Demand and Market Dynamics - There is a notable differentiation in consumer demand across different demographics in China, with urban consumers often seeking the latest electric vehicle technologies, while others prioritize reliability and a stress-free driving experience [6][7] - The article suggests that the rise of the "next-generation oil vehicle" is not a backlash against electrification but rather a necessary evolution in the industry, with both hybrid and electric vehicles expected to coexist in the market [7]