91 Ten Articles-New Energy Vehicle Industry Briefing: Volkswagen will launch its last internal combustion engine in 2026

1. Volkswagen recently announced that it will stop producing new internal combustion engines. The last engine will roll off the production line in 2026 and complete its life cycle in 2040.

2. Ark Invest, an American investment company, predicts that by 2025, Tesla's annual revenue will reach between US$234 billion and US$367 billion.

3. Musk has written a verdict on the prospects of hydrogen fuel cell vehicles. He believes that hydrogen fuel cells should be called foolish sells. The CEO of Volkswagen Group also believes that "the physics behind hydrogen fuel is unreasonable."

4. Volkswagen's new energy vehicle ID.4 was launched. At the new car launch conference, it was suspected that Tesla "cut prices five or six times a year and only treated customers as leeks."

5. The China Electric Charging Infrastructure Promotion Alliance recently released data stating that as of February 2021, the total number of public charging piles reported by its members was 837,000. Among them, 26,000 were added between February and March this year alone.

6. As the world's largest single market, Volkswagen New Energy is increasingly tied to CATL in China. It is reported that CATL may become Volkswagen's only battery supplier in China.

7. After investigating 27 Tesla car accidents, the National Highway Traffic Safety Administration (NHTSA) stated that the most advanced technology currently available for purchase can only assist drivers, and fully autonomous driving is not yet achievable.

8. Chinese autonomous driving technology company Momenta announced the completion of a total of US$500 million in Series C financing, led by SAIC, Toyota, Bosch, Temasek and Yunfeng Capital. Founder Cao Xudong has worked at Microsoft Research Asia and SenseTime.

9. Li Yixiu, director of the Marketing Business Committee of BAIC Group, may resign. Li Yixiu has worked in the industry for more than ten years. In 2019, under his leadership, BAIC New Energy achieved a year-on-year revenue growth of 30.39%.

10. Lu Chunqing, deputy general manager of China Europe Fund: With the rapid development of the new energy vehicle industry this year, valuations will enter a reasonable range, and the long-term rate of return expectations of the sector will continue to rise. We are full of confidence in the long-term trend of the industry.

As a winner of Toutiao's Qingyun Plan and Baijiahao's Bai+ Plan, the 2019 Baidu Digital Author of the Year, the Baijiahao's Most Popular Author in the Technology Field, the 2019 Sogou Technology and Culture Author, and the 2021 Baijiahao Quarterly Influential Creator, he has won many awards, including the 2013 Sohu Best Industry Media Person, the 2015 China New Media Entrepreneurship Competition Beijing Third Place, the 2015 Guangmang Experience Award, the 2015 China New Media Entrepreneurship Competition Finals Third Place, and the 2018 Baidu Dynamic Annual Powerful Celebrity.