Core Viewpoint - The rise of range-extended electric vehicles (REEVs) is addressing consumer concerns about the limited range of pure electric vehicles, with significant advancements in battery technology leading to increased pure electric range capabilities [1][3][4]. Group 1: Market Trends - REEVs have gained popularity, with sales and market share increasing significantly in 2023, projected to approach one million units in 2024 [1][3]. - The shift from "small battery + large fuel tank" to "large battery + small fuel tank" is becoming a new trend in the industry, allowing for more electric usage and less frequent charging [3][4]. - Major brands like Zhiji and GAC's Haobo have launched REEVs with pure electric ranges around 400 kilometers, enhancing their competitiveness [3][4]. Group 2: Consumer Preferences - Consumers are increasingly favoring larger battery REEVs, as evidenced by a shift in purchasing behavior where users prefer to operate their vehicles primarily on electric power [5][7]. - Data indicates that 90% of users of the Wanjie M9 REEV choose the extended range version, with daily electric driving time comprising 90% of their usage [5][7]. Group 3: Industry Dynamics - The emergence of large battery REEVs is seen as a response to market demand, with manufacturers adapting to consumer preferences for higher electric ranges [5][9]. - Leading battery manufacturers like CATL are responding to this trend by developing larger capacity batteries for REEVs, indicating a shift in the supply chain [8][9]. Group 4: Future Outlook - While large battery REEVs may dominate the market in the short term, the technology is still viewed as a transitional solution, with the long-term focus expected to shift towards pure electric vehicles as battery technology continues to improve [9][10]. - The ongoing competition among various technological routes in the electric vehicle industry suggests that while pure electric vehicles are seen as the future, REEVs will continue to play a significant role in meeting current consumer needs [10].