In the first quarter of this year, more than 30,000 new energy vehicle-related enterprises were added

On April 19, 2010, the official microblog of Huawei announced: Huawei is going to sell a car, the first high-performance electric sedan SUV with strong electric driving force and long range running, has really come.
In pure electric mode, Cyrus Huawei Smart Selection SF5 can achieve a range of 180 kilometers (NEDC), to meet the daily commute in the city;
The longest can achieve 1000+ km (NEDC) endurance, at any time to enjoy the long distance self-drive.

In addition to Huawei, there are Xiaomi, Didi and other giants that recently announced their car construction.
At present, China's NEV market participants are divided into four factions: the new power faction, the traditional car company faction, the Internet faction and the smartphone faction.
The New Power School is represented by Tesla, Xiaopeng, NIO, Ideal, etc. They lead the industry reform and are good at essential innovation.
The traditional car companies are represented by Toyota, Volkswagen and GM. They have a solid manufacturing foundation.
The Internet party is represented by Baidu, Didi, Ali and so on. They have massive traffic and multi-faceted attacks to dig for market segments.
The smart phone group is represented by Apple, Huawei, Xiaomi, Sony and so on. They have abundant resources and are good at technology transfer.

According to the data of the China Association of Automobile Manufacturers, in 2020, China's annual automobile sales volume was 25.311 million units, among which 1.367 million were new energy vehicles, accounting for 5.4%.
In November 2020, the General Office of the State Council issued the "New Energy Vehicle Industry Development Plan (2021-2035)" in the development vision that: by 2025, China's new energy vehicle sales volume will reach about 20% of the total sales volume of new vehicles.
According to the data of iResearch Consulting, the sales volume of new energy vehicles in China is expected to reach 5.3 million in 2025, and the number of new energy vehicles in the market will be around 20 million, which indicates that the next five years, new energy vehicles in China will be in an incremental explosion period.

Future huge market space is to attract these participants into the new energy vehicle market, the main reasons for the eye to check, according to data from the professional version as of April 19, 2021, the existing 24.8 new energy vehicles related enterprises, among them, the new new energy vehicles related businesses in the first quarter of this year for more than 3 m (all enterprise status), up 298% from a year earlier.

Business Week reported that iResearch estimated that the sales volume of new energy vehicles in China is expected to reach 5.3 million units in 2025. If each unit sells for 200,000 yuan, the hardware of cars alone will be a trillion-yuan market in China.
Tesla CFO Zach Kirkhorn has explained to investors how Tesla's software revenue is made up of three business segments: connected car functionality, online systems upgrades (OTA), and fully autonomous driving (FSD).
Then, the whole new energy vehicle market space with hardware income plus software income will be unimaginable, for this point, Huawei and other technology giants are well aware.