What does the new four modernizations of sedans refer to?

[LaNathan]

Automotive new four modernizations refer to electrification, connectivity, intelligence, and sharing. Electrification pertains to the field of new energy power systems; intelligence refers to autonomous driving or driver assistance subsystems; connectivity involves the layout of the Internet of Vehicles; sharing denotes car sharing and mobility services. Among these four modernizations, electrification serves as the foundation, while connectivity acts as the link to achieve big data collection, gradually leading to intelligent mobility. This may become a feasible pathway for automobiles to achieve the ultimate goal of autonomous driving. As the wave of "new four modernizations" sweeps across the automotive industry, Chinese consumers have responded the fastest. This characteristic manifests in the consumer market, where China's auto market has become the most active "testing ground" today. Internet-connected cars, new energy vehicles, and continuously emerging new technologies and concepts stimulate the purchasing desires of young Chinese consumers and encourage automakers to boldly package vehicle models with new technologies and concepts for the market. With the penetration of "Internet+" in various fields, the new four modernizations will have a significant impact on future mobility, meaning that cars will no longer be just cars. Analyzing from both technological and value chain dimensions, the most disruptive future development trends in the automotive industry can be summarized as the "new four modernizations," where electrification is the foundation, connectivity is the condition, intelligence is the key, and sharing is the trend.