Core Viewpoint - The forum emphasizes that hybrid powertrains are essential for achieving net-zero emissions in the automotive industry [1] Company Overview - Horse Powertrain was established in May 2024 and has its global headquarters in London, UK, with 17 manufacturing bases and 5 R&D centers [3] - The company employs 19,000 staff globally, including 3,000 engineers, and has an annual revenue of €15 billion (approximately ¥123.3 billion) [3] - Horse Powertrain's annual sales reach about 8 million powertrains, including engines, transmissions, and batteries [3] Product Portfolio - The company offers a diverse product range, including fuel engines, hybrid engines, plug-in hybrid engines, and transmissions [3] - Horse Powertrain can produce energy power systems using gasoline, diesel, liquefied petroleum gas, compressed natural gas, and methanol [3] Market Insights - By 2040, it is projected that around 50% of vehicles in the global market will still be internal combustion engine vehicles, equating to approximately 54 million vehicles annually [4] - The global stock of fuel vehicles exceeds 1 billion, with an average lifespan of 15 years, indicating a prolonged presence of internal combustion engines in the automotive industry [4] Technological Approach - The company believes that the transition to electrification should not focus on a single technology but rather embrace a multi-path development strategy [4] - Horse Powertrain aims to provide hybrid solutions that complement the development of pure electric vehicles, facilitating the transition for consumers hesitant about electrification [5] Energy Solutions - The company is exploring alternative fuels such as hydrogen, methanol, and synthetic fuels, which are expected to gain widespread use in the future [5] - Current challenges include high production costs for synthetic fuels, necessitating ongoing policy support for large-scale production and application [5] Future Developments - At the 2025 Shanghai Auto Show, Horse Powertrain will showcase alternative fuel solutions, including methanol, ethanol, hydrogen, and synthetic fuels [6] - The company has improved the combustion efficiency and emissions treatment of methanol engines, achieving a 30% reduction in carbon emissions compared to traditional gasoline engines [6] - Horse Powertrain aims to become an ecological coordinator and system integrator, developing a flexible and sustainable power technology platform tailored to regional fuel preferences [6]