In November, internet forces began to enter the field, with 360 partnering with Chery's Fang Yunzhou to establish Hezhong New Energy Automobile and create the sub-brand Nezha.
Alibaba threw in five hundred million dollars to invest in Xiao Peng Car, and Baidu announced loudly that they would no longer be late to the game by investing two hundred million dollars in Weima and developing their autonomous driving technology.
The sales of the Wuling Hongguang Mini were so good that they drove up the sales of BYD and Tesla, making it seem as though the era of new energy vehicles had already begun.
Internet giants are also considered new forces; they do not carry the psychological burdens of traditional enterprises. After all, in new industries, it's just about investing money.
If others invested and they did not, they could be eliminated from the market if the new energy market were to take off.
