The latest survey from Fidelity International shows that the development of electric vehicles in the Chinese automotive market will continue to transition from an emerging trend to mainstream, with the industry full of opportunities. It is expected that the market will grow by 20% to 30% by 2024. Given that vehicle performance and technology are still the main factors for mainland consumers to purchase electric vehicles, electric vehicle companies need to provide new technologies and models to meet market demand. The survey also shows that the development of electric vehicle technology is progressing, enhancing the driving experience, which is one of the main reasons for electric vehicles gradually becoming mainstream in the Chinese automotive market. With the continuous improvement of automotive technology and a wide range of market choices, this has led to more intense market competition. The survey also reflects that most mainland consumers will choose vehicles based on factors other than brand reputation, with consumers most likely to choose vehicles based on factors such as automotive technology, driving experience, and design. Marty Dropkin, Director of Stock Investments for Fidelity International in the Asia-Pacific region, pointed out that China has become a dominant force in the field of electric vehicles, and this trend is expected to continue. Electric vehicles are not only gradually becoming mainstream in the mainland automotive market, but Chinese automotive brands are also starting to gradually replace international automotive brands dominating markets in Southeast Asia, Oceania, and Europe. However, the current competition in the electric vehicle market is extremely fierce, with a large number of participants, and the impact of the "China +1" strategy is also worth noting. In the past, the main export market for the mainland has been the United States, but Fidelity expects that with the increasing demand from regions such as ASEAN, the mainland's long-term export growth to these markets will begin to show. The electric vehicle industry is likely to see industry consolidation in the next two to three years, presenting a great opportunity to achieve through price competition.