The Development Plan for the New Energy Automobile Industry (2021-2035), issued by the General Office of the State Council on Nov 2, sets the direction for the future development of the new energy automobile industry. It is widely believed in the industry that this will stimulate the transformation of the domestic automobile industry and bring great benefits to the development of the new energy automobile industry. According to the plan, major breakthroughs will be made in key technologies such as power batteries, driving motors and vehicle operating systems by 2025, and safety levels will be improved in all areas. The average power consumption of new pure electric passenger vehicles has been reduced to 12.0 KWH / 100 km. The sales volume of new energy vehicles will reach about 20% of the total sales of new vehicles. Highly autonomous vehicles will be commercialized in limited areas and specific scenarios, and the convenience of battery charging and change services will be significantly improved. At present, the development of new energy vehicles has become an important direction of the development of China's automobile industry. In recent years, with the trend of international energy reform and the innovation of new energy technologies, the development structure and direction of the new energy automobile industry have become increasingly clear. According to the China Association of Automobile Manufacturers, the production and sales of new energy vehicles in China in September reached 136,000 and 138,000 respectively, up 48% and 67.7% year on year. Insiders pointed out that under the dual drive of policy and demand, the new energy vehicle industry recovery is obvious. Shanxi Securities analysis said that the "Plan" is expected to further optimize the development environment of domestic new energy vehicle industry, promote the sustainable development of the industry. On the other hand, with the promotion of policies and OEMs continue to increase of their layout in the field of new energy vehicles, driven by multiple factors such as the demonstration effect of Tesla, the layout of the industrial chain of domestic new energy vehicles is expected to continue to improve, and the competitiveness of products will continue to strengthen. And in the future, further promote the reform and development of the domestic automobile industry.