• With the rapid development of the China economy and the continuous increase in the disposable income of residents, the number of car ownership in China has also increased year by year. In addition, China ranks first in the world in 2023 with 9.587 million and 9.495 million units of new energy vehicles produced and sold. In terms of exports, the volume of auto exports nearly 5 million vehicles in 2023, ranking First in the world. The General Administration of Customs has revealed that in 2023, one out of every three cars exported from China will be electric.