Group 1 - The core point of the news is the recognition of Lian Yubo, the chief scientist of BYD, as a new academician of the Chinese Academy of Engineering, marking a significant milestone for the Chinese new energy vehicle (NEV) industry, which has transitioned from following to leading in technology [2][6] - Lian Yubo's contributions include the establishment of the electric vehicle R&D department at BYD and breakthroughs in core technologies such as power batteries, electronic control systems, and drive assemblies, particularly the innovative blade battery technology that has set new safety standards [2][3] - The election of Lian Yubo reflects the growing importance and recognition of private sector scientists in China's scientific community, highlighting the achievements of the NEV industry [2][6] Group 2 - Since November 2015, China's NEV production and sales have seen rapid growth, with the market share surpassing 1% for the first time, making China the largest NEV market globally [3][5] - In 2024, NEV production and sales are expected to exceed 9 million units, accounting for over 60% of the global market, with BYD projected to sell over 3 million units, becoming the global sales leader [3][5] - As of January to August 2025, China's NEV production and sales reached 9.625 million units, reflecting a year-on-year growth of 37.3% and 36.7% respectively, indicating a strong upward trend in the industry [3][5]

Core Insights - The election of Lian Yubo as an academician by the Chinese Academy of Engineering marks a significant milestone, as he is the first technical leader from a private enterprise in the new energy vehicle (NEV) sector to receive this honor, reflecting the industry's transition from following to leading in technology [2][3] Group 1: Industry Development - The Chinese NEV market has experienced rapid growth, with production and sales surpassing 900 million units in 2024, accounting for over 60% of the global market share [3] - In 2015, NEV production and sales first exceeded 1% of the overall automotive industry, establishing China as the largest NEV market globally [3] - The market penetration rate of NEVs has increased from 1% in November 2015 to 40.3% by November 2024, indicating a strong upward trend [5] Group 2: Company Achievements - Lian Yubo has led the development of over 20 vehicle models and more than 100 products during his 20 years at BYD, significantly contributing to the company's success in the NEV sector [2] - The introduction of the blade battery technology and the DM-i super hybrid system has set new safety standards and established BYD as a leader in the industry [2][3] - BYD's sales are projected to exceed 3 million units in 2024, making it the global sales champion in the NEV market [3] Group 3: Future Projections - The domestic NEV sales are expected to reach 17 million units by 2025, with a market share approaching 58% [7] - The "old-for-new" policy is anticipated to cover approximately 25 million passenger vehicles, potentially driving an additional 2 million units in new consumption [7]

Core Points - The selection of academicians is increasingly opening doors for private enterprises, breaking the dominance of research institutions, universities, and large state-owned enterprises [1][2] - The recent election of academicians includes three from private companies, highlighting the growing recognition of their contributions to technology innovation [1][3] Group 1: Academician Selection - The Chinese Academy of Sciences and the Chinese Academy of Engineering announced the election of 73 and 71 academicians respectively for 2025, with three from private enterprises [1] - The selected academicians from private companies include Lian Yubo from BYD, Huang Xianbo from Kingfa Technology, and Wu Kai from CATL, all of whom are pivotal in their respective fields [1][3] Group 2: Contribution of Private Enterprises - Private enterprises contribute 70% of the country's technological innovation results and encompass 80% of the national "specialized and innovative" small giants and 90% of high-tech enterprises [2] - Key technological advancements in AI, robotics, semiconductors, and new energy are primarily driven by private companies, which are also responsible for a significant number of scientific papers [2][3] Group 3: Impact on Guangdong Province - Guangdong has added nine academicians this year, with two from private enterprises, marking the first time private enterprise experts have been elected [5] - The province's private sector is a major innovation driver, accounting for over 65% of invention patents and 75% of technological innovations [5][6] Group 4: Technological Innovations - Lian Yubo has developed a blade battery technology that addresses global challenges in energy density and safety, while Huang Xianbo's team created a high-temperature nylon material that significantly reduces costs [3][6] - Wu Kai's project on key technologies for large-scale production of power batteries received a national science and technology progress award [3] Group 5: Future Implications - The recognition of private enterprise scientists as academicians signals a shift in China's scientific evaluation system, emphasizing the importance of technology that drives industrial progress [3][6] - The election of these academicians is part of broader reforms in the Chinese academic system, reflecting an expanding view of national scientific innovation [3][6]