Core Insights - The central government is addressing formalism and reducing burdens on grassroots levels, highlighting issues in the child vehicle industry in Yiyang, Hunan, where exaggerated data and false reporting were prevalent [1] - The child vehicle industry has significant growth potential, but requires a complete supply chain, skilled labor, and logistical support, which Yiyang lacked when hastily launching a "billion-level" project [1] - The focus on performance metrics over actual needs has led to a situation where the industry development became a mere image project, resulting in a meager output of 21.65 million yuan for a project that was expected to generate billions [1] Industry Development Challenges - The transition of the child vehicle industry from a simple mobility tool to a more intelligent, safe, and personalized product requires a long-term process rather than quick planning [2] - The industry is evolving with core competencies such as GPS tracking, health monitoring, and eco-friendly materials, while international brands dominate the high-end market and domestic leaders consolidate mid-tier shares [2] - The lack of leading enterprises to drive technological upgrades and market expansion results in high production costs and a vicious cycle of attracting and retaining businesses [2] Recommendations for Future Growth - The failure of the child vehicle initiative serves as a warning for local industrial development, emphasizing that there are no shortcuts and that industry cultivation should not be sacrificed for performance metrics [2] - A focus on practical feasibility studies, building core competencies in niche areas, and establishing a complete industrial ecosystem is essential for sustainable industry growth [2]