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].

Core Viewpoint - Methanol vehicles are emerging as a viable alternative in the new energy vehicle market, complementing electric vehicles rather than competing directly with them [2][3]. Group 1: Methanol Vehicle Characteristics - Methanol vehicles can travel over 800 kilometers on a single fill, significantly outperforming traditional fuel vehicles in terms of range [1]. - The cost of methanol fuel is approximately 4 yuan per liter cheaper than diesel, making it an economically attractive option for transportation [1]. - Methanol vehicles have been successfully deployed in various challenging environments, including extreme cold and heavy-duty transport scenarios [1]. Group 2: Market Trends and Projections - As of July 2024, the monthly sales of new energy vehicles in China have surpassed 50% of the total passenger car market [2]. - The market for methanol fuel vehicles is projected to reach 626,000 units by 2024, a 52.35% increase from 2018 [4]. - By 2030, the penetration rate of methanol fuel vehicles in China is expected to exceed 10%, with the market size surpassing 2 million units [4]. Group 3: Industry Developments and Investments - Major state-owned enterprises and private companies are investing heavily in green methanol projects, with significant investments such as 30 billion yuan for a methanol production and transportation project [6][7]. - The establishment of the Methanol-Hydrogen Electric Eco-Alliance aims to enhance collaboration across the industry, promoting technological exchange and resource integration [8]. - The construction of methanol refueling stations is accelerating, with plans to build 4,000 stations by 2027 to improve accessibility for methanol vehicles [10]. Group 4: Challenges and Solutions - The limited number of methanol refueling stations and insufficient green methanol production capacity are major barriers to market penetration [9]. - Policy support is being implemented to expand the infrastructure for methanol refueling stations, which is crucial for the growth of the methanol vehicle market [9][10].