China’s electric vehicle (EV) industry is rallying around a new buzzword: ’electric intelligent vehicles’ (EIVs). This term encompasses EVs with advanced autonomous driving capabilities and internet connectivity. The goal is to establish China as a global leader in EIVs by 2025. Key points: 1) EIVs combine EVs with artificial intelligence, enabling features like self-driving and over-the-air updates. 2) Major Chinese automakers like BYD, Geely, and Great Wall Motors are investing heavily in EIV development. 3) The government is supporting the EIV push through policies and infrastructure investments. 4) By 2025, China aims to have EIVs account for over half of new vehicle production and sales. 5) Challenges include technology gaps, regulatory hurdles, and competition from global automakers. However, China’s vast market and policy support could drive rapid EIV adoption.
Source: https://www.businessinsider.com/china-ev-industry-buzzword-electric-intelligent-vehicles-2025-1