Wang Chuanfu said that replacing oil-powered vehicles with new energy vehicles is a must-answer question.

BYD's second-generation blade battery and flash charging technology release conference was held, and Wang Chuanfu, the Chairman and President of BYD Group, delivered a speech. Wang Chuanfu said that over 70% of our country's oil dependence is imported, with a significant portion coming through the Strait of Hormuz and the Strait of Malacca. Additionally, 70% of the country's oil is used in the transportation sector, which is the foundation and reality of our country's oil resources. Wang Chuanfu pointed out that the current situation regarding national energy security is very severe. China is a country with little oil but abundant electricity, so replacing fuel vehicles with new energy vehicles is not just an option but a necessary solution for the country's energy security and long-term development.