Global automakers are showing a deeper level of engagement at the Beijing Auto Show, a trend Cui said reflects how China has moved beyond being just a major sales market to becoming a key hub for innovation, testing, and competition across new ideas, products, and business models.

　　Amid the industry"s broader electrification and intelligent shift, the strong momentum at the show reflects how foreign companies are actively engaging and "voting with their feet" to pursue cooperation with Chinese partners. This growing engagement also offers a clear counterpoint to narratives around alleged "overcapacity" in China"s NEV sector, the expert said.

　　More and more domestic and overseas car brands are putting more investment into electrification, a move that clearly demonstrates there is no such thing as "overcapacity" because the market demand is huge and expanding, the industry expert said.

　　According to estimates by the International Energy Agency (IEA), by 2030, the global shortfall in NEVs is expected to reach 27 million units.

　　Against the backdrop of rising demand for EVs, in January, Canada announced it would grant China an annual quota of 49,000 EVs. Vehicles within this quota will enjoy the most-favored-nation tariff rate of 6.1 percent and be exempted from the 100 percent additional tariff, the Xinhua News Agency reported.

　　China"s development of EVs is not only driving its own green transition, but also creating important opportunities for global cooperation on decarbonization, as it actively integrates into global industrial, innovation, and value chains and calls for stronger international collaboration to safeguard the stability of global supply chains, said Cui.