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The following is an excerpt from the speech transcript:

Yesterday, it was the first time in more than a decade that I had the opportunity to have a comprehensive look at the auto show. I have a lot of feelings, and the development in recent years has indeed made great achievements.

I have three impressions. The first impression is that the quality of China's automobile development is moving towards the high-end with the development of time. Secondly, the development of automobiles around the world is shouldering our due mission, which is to optimize the energy structure, respond to climate change, and make automobiles more suitable for sustainable human development. Thirdly, the increasing expectations of the whole society regarding automobiles and the deeper embedding of life also indicate that society is moving towards a new era of automobile development. So after taking a look at today's topic, I would like to talk about how the new energy vehicle industry can develop through reform, grow through openness, and grow step by step through innovation based on my personal feelings and relevant experience.

I would like to share some thoughts on promoting the development of new energy vehicles in our country in the new era. The development of new energy vehicles in our country may have been more than ten years since the beginning of this century, which has received high attention from the central government and the attention of the whole society, especially the efforts of the automotive industry. Whether the research and development of new energy vehicles can occupy the commanding heights has become the focus of competition in the automotive industry today. The automotive industry has a large market and a highly refined management industry. Developing new energy vehicles is the only way for our country to become a strong country in the automotive industry. Therefore, we need to increase our research and development efforts, carefully study the market, make good use of policies, and develop products that meet various needs, Make it a strong upward point.

Let me talk about two things. The first one is the new situation faced by the development of new energy vehicles in China. Looking back at 2017, new energy vehicles have become a symbol of the transformation and upgrading of the global automotive industry. By 2017, the new energy vehicles in important countries around the world were regularly tracked and counted by the World Energy Organization in 20 countries. In 2017, the total production volume exceeded 1.42 million vehicles, and China's sales volume reached approximately 777000 vehicles, some say 779000 vehicles. The cumulative global sales of new energy vehicles exceeded 3.4 million, with China exceeding half, with over 1.6 million vehicles. China accounts for over 50% of the total, making new contributions to energy conservation and emission reduction, as well as addressing climate change.

From last year's situation, 80% of public vehicles were pure electric, while 184000 commercial vehicles accounted for 21.5%. From this perspective, the rapid development of commercial vehicles, especially their applications in urban public transportation, is increasingly embedded in people's lives. From January to March this year, the sales of new energy vehicles saw a rapid increase, with a total sales volume of 140000 units. Due to the low production at the beginning of last year, the increase reached 154%. The development of passenger cars and commercial vehicles both reached a relatively high speed.

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