A Quiet Revolution: China's Industrial Transformation through New Energy Vehicles

China is witnessing a "quiet" industrial revolution in its new energy vehicle (NEV) sector, with NIO leading the charge. The startup's battery swap program has surpassed 100 million swaps, while its Hefei factory produces cars with over 3 million customization options. Local automakers like NIO, Li Auto, and XPeng are driving the industry's transformation, prioritizing "experience" and "data" over traditional fuel vehicles. The roots of this revolution date back to 2013, when heavy smog sparked public demand for cleaner skies and the government accelerated the transition to greener growth.