Core Viewpoint - The article emphasizes the transformation of the lubricant oil industry in China, driven by the dual carbon goals and the electrification of vehicles, highlighting the need for innovation and collaboration to meet new market demands and regulatory standards [2][3][4]. Industry Transformation Framework - The release of the "White Paper" by Lubrizol outlines a transformation framework for the Chinese lubricant oil industry, focusing on sustainable technological innovation and cross-industry ecological integration as key paths for industry upgrade [3][4]. - The paper calls for an open mindset among industry players to build a collaborative ecosystem, break down barriers, and co-create value [4][8]. Market Dynamics and Challenges - The Chinese automotive market is becoming a global source of technology, with rising engine thermal efficiency increasing demands for high-performance lubricants [3][5]. - The rapid growth of new energy vehicles (from 330,000 units in 2015 to nearly 13 million by 2024) necessitates specialized lubricant solutions to address new hardware and operating conditions [5][6]. Technological Innovations - Lubrizol is focusing on low-viscosity technologies to enhance fuel economy, ultra-low ash formulations to meet stringent emission standards, and hybrid solutions to tackle core challenges in new energy vehicles [6][8]. - The company is also adapting to the diverse fuel needs of the Chinese market by developing multi-fuel compatible technologies [6][8]. Strategic Local Response - The local strategy of Lubrizol has evolved from simple production to comprehensive product development and supply chain contributions, enhancing its ability to respond quickly to market changes [6][9]. - The company aims to provide not just products but also system services to help partners create future scenarios in the automotive industry [6][9]. Evolving Industry Boundaries - The lubricant oil industry is transitioning from a manufacturing-oriented approach to a user-oriented and experience-oriented model, driven by changing consumer demands and market structures [9][10]. - The article advocates for the integration of "lubrication + thermal management + surface protection" to build a more resilient growth ecosystem for the industry [10].