China's new energy vehicle market does feel the dawn of 2020, but it has not reached full-blown, according to Shen Hui, founder, chairman, and CEO of WM Motor, adding that 2021 will be the first year of truly explosive growth for new energy vehicles.
Although the subsidies are still expected to be withdrawn, the traditional car companies are bound to make more efforts in the field of new energy vehicles than expected due to the landing of other encouraging policies, and the production and sales of pure electric vehicles in China are expected to see significant growth in 2021, the Economic Information Daily quoted him as saying.
Shen believes that new energy vehicles in 2021 will see substantial improvements in vehicle range, intelligent cockpits, software services, and OTA capabilities.
Especially with the speeding up of the construction of charging infrastructure and timely energy replenishment system, users' mileage anxiety will also be gradually relieved, he said.
At the same time, 5G, artificial intelligence, and other technologies will be further developed and applied, and the intelligent interaction experience in the car will become the place where the gap between different products is pulled apart.
In 2021, Level 4 autonomous driving for more scenarios will be in mass production, and that's what WM Motor is working toward, he said, adding that the company will have AVP (cloud-based intelligent unmanned parking system) on its third production model in 2021.
Similar smart features will only be available on models in the million-RMB range, and in 2021, WM Motor will bring it into the 200,000 RMB price range, he said.
Starting from 2021, it is believed that more and more users will actively choose new energy vehicles due to the improved product experience, he said, adding that when the inflection point appears, even if the new energy subsidy policy recedes, good products can still stand out in the fierce market competition.
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