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].

Group 1: Company Overview - Xi'an Yinlun New Energy Thermal Management System Co., Ltd. established in Xi'an, producing automotive air conditioning and heat pump systems with an annual capacity of approximately 750,000 units [1] - The company achieved sales revenue exceeding 54 million yuan last year and aims for an annual output value of 190 million yuan this year [1] - The company has enhanced cooperation with local automotive manufacturers and expanded its product range [1] Group 2: Industry Development - The automotive industry is a key pillar industry in Shaanxi, with significant growth driven by companies like BYD and Geely establishing factories in the region [1][3] - Shaanxi has implemented a series of policies and established a special fund of 4 billion yuan to support automotive industry development [4] - The province has seen a strong "chain effect" with the establishment of numerous related enterprises, enhancing the local automotive supply chain [5] Group 3: Market Dynamics - The competition in the automotive market is intense, with cost reduction being the top priority for automotive companies [2] - The Xi'an Geely Industrial Park has attracted 16 well-known automotive parts suppliers, achieving an occupancy rate of 82% [2] - Shaanxi's automotive production reached 1.754 million units in 2024, with a total industry output value exceeding 440 billion yuan [5][6] Group 4: Future Outlook - The production capacity of automotive parts suppliers in Shaanxi is expected to increase, with companies like Yanfeng planning to expand their output to 500,000 sets per month [4] - The province's automotive production is projected to grow, with a year-on-year increase of 33.3% in the first four months of this year [6] - The local automotive industry is focusing on building a modern industrial system that is safe and controllable, promoting high-quality development [6]