Core Insights - The article discusses the need for the European Union (EU) to develop a strategic response to the new era of globalization, emphasizing that Europe cannot remain detached from these changes [1] Group 1: New Globalization Dynamics - A new type of globalization is emerging, characterized by strategic preferences rather than efficiency, leading to a concentration of production activities in a few countries [2] - The United States is shifting its economic diplomacy approach, moving away from traditional trade agreements to more streamlined commercial contracts, as seen in recent agreements with Australia and Japan [2] Group 2: CPTPP and Its Implications - The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) represents a selective evolution of trade agreements, aiming to challenge rising trade barriers and enhance cooperation among member countries [3] - The CPTPP's expansion, including the UK's accession in 2024, highlights its ambition as a trade governance system, which could significantly impact the EU's geopolitical influence [3][5] Group 3: EU's Strategic Positioning - The EU must redefine its role in the restructured globalization landscape, transitioning from rule-maker to decision-maker, especially as economic and geopolitical focus shifts to the Indo-Pacific region [4] - A structured partnership between the EU and CPTPP could enhance the EU's influence, as both entities collectively account for approximately 32% of global GDP and 37% of global trade [4] Group 4: Challenges and Opportunities - The EU faces internal challenges regarding standards and political approvals, which could complicate reaching agreements with CPTPP, but such agreements could solidify its geopolitical standing [5] - The UK's participation in CPTPP post-Brexit illustrates the advantages of a diversified trade strategy, recognizing the Indo-Pacific region as a potential driver of global economic growth [6]

Core Viewpoint - The article discusses the rapid development of the new energy vehicle (NEV) industry in China, highlighting the need for "oil-electric equality" to address the tax and subsidy disparities between fuel and electric vehicles, as proposed by Wei Jianjun, Chairman of Great Wall Motors [1][2][3]. Summary by Sections New Energy Vehicle Development - From 2009 to 2019, China's subsidies for NEVs exceeded 100 billion yuan, leading to significant growth in the sector [1]. - By 2024, NEV retail sales are projected to reach 10.899 million units, with a penetration rate of 47.6%, which has surpassed 55% as of August this year [1]. Tax and Subsidy Disparities - Fuel vehicle owners face higher tax burdens, with taxes approximately 15% more than those for NEV owners [1]. - The automotive industry is increasingly advocating for oil-electric equality to create a fairer competitive environment [3]. Great Wall Motors' "Four Modernizations" Strategy - Wei Jianjun introduced the "Four Modernizations" strategy, which includes: 1. Pan-internal combustion engine development 2. Diversification of new energy sources 3. Oil-electric equality 4. Strategic globalization [2][3]. Importance of Oil-Electric Equality - Achieving oil-electric equality is crucial for fair development between fuel and NEVs, reducing tax burdens on fuel vehicle owners and promoting healthier market dynamics [3]. - The strategy aims to address the diverse demands of global markets by developing various power systems, including pure electric, hybrid, and hydrogen vehicles [3]. Hi4 Technology System - Great Wall Motors has developed the Hi4 technology system, which integrates high-efficiency engines, transmissions, and electric drives, offering a complete hybrid ecosystem [4]. - The Hi4 system is designed to meet different market needs, with specific models for various vehicle types, including compact SUVs and off-road vehicles [4]. Globalization Strategy - Great Wall Motors is implementing the "ONE GWM" brand strategy to adapt to different international markets, focusing on localized product development [5]. - The company has established a presence in multiple countries, with over 400,000 units of overseas production capacity and sales channels in more than 170 countries [8]. Financial Performance - In Q2 2025, Great Wall Motors reported revenue of 52.316 billion yuan, a year-on-year increase of 7.72%, and a net profit of 4.586 billion yuan, up 19.42% [8][9]. - NEV sales reached 97,900 units, reflecting a growth of 38.69%, while overseas sales also showed steady growth [9].