In terms of stock: In 2020, the global stock of fuel vehicles was 2 billion, while the stock of new energy vehicles was less than 10 million, with a penetration rate of 1%.
       Incremental: In 2021, global sales of new energy vehicles reached 6.69 million units, with a penetration rate of 8%. In 2021, China sold 3.52 million vehicles, an increase of 1.6 times, with a penetration rate of 13.4%, which is in a significant upward period. (Data source: China Ministry of Industry and Information Technology, EVSALES)
       Compared to traditional fuel vehicles, the trend of intelligence (autonomous driving)+electrification is irreversible.
       It is expected that the global sales of new energy vehicles will approach 10 million in 2022 and reach 25 million in 2025.

       In 2020, the proportion of thermal power in China was 69%, while that of wind power was 9%. In 2050, the proportion of wind power exceeded 60%.
       In 2020, the cost of photovoltaic power generation in China, Europe and America began to be lower than that of thermal power. In 2020, the installed capacity was 130GW, and it is expected to exceed 300GW by 2025 (data source: China Photovoltaic Association, CPIA). Based on electricity prices that are several times higher than those in China, photovoltaic power generation in Europe and America yields greater profits.
       In 2020, the proportion of energy storage devices installed on the global wind and solar power generation side was only 0.8%. (Data source: CNESA)