On December 25th, with the year's end drawing near, the automotive market is benefiting from dual policy boosts from both central and local authorities. Locally, numerous provinces and cities have sequentially rolled out automotive consumption subsidy schemes to invigorate the year-end automotive sales. Centrally, the economic work conference held in December resolved to refine the 'two new' (new energy and new infrastructure) policies. The combined push from central and local governments has infused stability into the medium- to long-term development prospects of the automotive sector. Industry experts have noted that, set against the backdrop of the purchase tax being halved and 'anti-overcompetition' (a term used to describe efforts to prevent excessive competition that may lead to market instability) policies, the current policy framework is actively steering technological upgrades within the industry. This is fostering high-quality development in the new energy vehicle sector and ensuring the market operates in an orderly manner.