TrendForce forecasts that global sales of new vehicles will surpass 90.6 million units by 2025, marking a year-on-year growth of 2.4%. Notably, China holds the largest share at 29%, followed by the United States with 18% and Western Europe with 15%. By 2025, new energy vehicles (NEVs) in China are anticipated to comprise half of all new vehicle sales, with competition in the burgeoning smart car sector set to intensify significantly.