Currently, the global and Chinese automotive powertrain market has formed a diversified landscape characterized by "pure electric dominance, hybrid transition, and the refinement of internal combustion engines." Plug-in hybrid electric vehicles (PHEVs) and multi-energy compatible platforms are gaining significant importance, becoming a crucial bridge between traditional gasoline vehicles and pure electric vehicles. This is especially true in China's vast third- and fourth-tier cities and rural areas, where charging infrastructure is still underdeveloped, and "long-distance anxiety" remains a major consideration for consumers. PHEVs and range-extended hybrids, with their dual guarantee of "electricity for daily use and gasoline for long-distance travel," effectively fill this market gap.
Changes in market demand significantly influence the development direction of automotive powertrain systems. Urban commuters tend to prefer powertrains with smooth power and low fuel consumption, while consumers who frequently drive long distances or have higher power requirements are better suited to turbocharged engines or large-displacement naturally aspirated engines. With increasing environmental awareness, the market demand for environmentally friendly vehicles is growing. Electric vehicles, with their zero emissions and low noise advantages, are gradually becoming a popular choice. Hybrid electric vehicles, combining the advantages of traditional gasoline engines and electric drive systems, are also gaining popularity among consumers. Policies and regulations such as the EU's carbon emission regulations and China's China VI emission standards have imposed stricter restrictions on vehicle exhaust emissions, prompting automakers to accelerate their transformation towards new energy and efficient fuel power systems.