On January 6, Fu Bingfeng, Executive Vice President and Secretary-General of the China Association of Automobile Manufacturers, stated at the ceremony marking the roll-off of the 1 millionth production vehicle at NIO that China’s automobile production and sales are expected to exceed 34 million units in 2025, setting a new record and maintaining a scale of over 30 million units for three consecutive years.Among these, new energy vehicles have become the dominant force in the market, accounting for over 50% of domestic new vehicle sales. Fu Bingfeng noted that China has successfully completed a historic transition from traditional service technologies to a model led by new energy vehicles, with both the industry and market structures undergoing profound adjustments. (Everyday Economic News)