The new energy vehicle market is highly competitive, and companies are accelerating the development of new products

In 2024, the term "involution" has become synonymous with the new energy vehicle industry. The price war between major automobile companies is intensifying, and market competition is becoming increasingly fierce. Whether it is industry giants such as Tesla and BYD, or cross-border players such as Xiaomi, they are all working hard to accelerate the research and development of new products. This competition has driven the pace of new car development, allowing companies to launch a new car within 18 months. It is obvious that this "involution" phenomenon has spawned a large, technologically advanced and increasingly recognized market.