Core Insights - The article highlights the rapid development of the new energy vehicle (NEV) industry in Shaanxi, showcasing significant growth in production and output value, particularly at the Geely manufacturing base in Xi'an [1][3]. Industry Overview - Shaanxi's NEV production reached 1.198 million units in 2024, a 19-fold increase compared to 2020, with an average annual growth rate of 112% [1]. - Currently, 1 in every 10 NEVs in China is produced in Shaanxi, positioning the province among the top players in the national NEV market [1]. Key Players and Initiatives - Major companies like Geely and BYD have driven the establishment of a comprehensive NEV industry system in Shaanxi, which includes passenger vehicles, power batteries, and key components [3]. - The province has implemented a "chain leader system" to coordinate resources and support the NEV industry, with provincial leaders overseeing key industrial chains [3]. Policy Support - Shaanxi has introduced several action plans, such as the "Three-Year Action Plan for Passenger Vehicle (NEV) Industry Chain (2021-2023)" and the "Action Plan for Accelerating the Development of New Energy and Intelligent Connected Vehicles (2024-2027)" to foster industry growth [3][4]. - The continuous and robust policy support is noted as a unique advantage for the NEV sector in Shaanxi, enhancing the ecosystem from core components to vehicle manufacturing [3]. Supply Chain Development - The total output value of Shaanxi's automotive industry has surpassed 440 billion yuan, with a comprehensive supply rate of 57% [6]. - The province has attracted numerous well-known domestic and international companies to invest and establish operations, contributing to the growing automotive ecosystem [6]. Resource Advantages - Shaanxi benefits from rich lithium resources essential for battery production, as well as other materials like vanadium and magnesium alloys that support the development of hydrogen fuel cells and lightweight vehicles [6]. - The combination of abundant energy resources and an expanding supply chain is expected to enhance the province's automotive modernization efforts [6].