APOLLO：2025年新一代电动汽车：驱动电动化革命的技术突破研究报告（英文版）

The main story of 2025 has been the strength of the USeconomy. Growth hasrepeatedly exceeded expectations,including at times my own forecasts. Thisresilience has persisted despite headwinds from trade war uncertainty and tariffs,immigration restrictions and the restart of federal student loan payments.

Several tailwinds have also gained momentum. Al and the data center boomcontinue to raise investments. The dollar has weakened. And the CongressionalBudget Office(CBO) projects that the &