Research on the Industry Chain of New Energy Vehicles: Striving for Excellence, Power Batteries are the Core Track

The power battery is an essential core component of new energy vehicles (electric vehicles)directly related to the overall performance of the vehicle, and its importance is self-evident. Powerbatteries account for about one-third of the total production cost of pure electric vehicles, with highproduct value and large market space, The demand for power batteries is growing rapidly in synwith the increasing production and sales of new energy vehicles

The new energy vehicle market is thriving with high sales growth

In recent years, the global sales of new energy vehicles have grown rapidly, driven by two factors: policy driven and product driven. According to the International Energy Agency’s (IEA) Global Electric Vehicle Outlook 2022, about 40 countries/regions have legislated comprehensive electrification schedules or issued bans on fuel vehicles in terms of policies. Various countries have increased their fiscal expenditures to promote the development of electric vehicles, especially after the outbreak of the pandemic in 2020, when many European countries increased their subsidies for electric vehicle purchases, which had a significant impact on promoting the European market; In the US market, there has been a significant increase in subsidies for electric vehicles, reflecting active policy measures.

In terms of products, almost all traditional automotive giants have begun to transition to electrification, accelerating the launch of electric vehicle models and setting sales targets for electric vehicles. In recent years, electric vehicle models have become increasingly diverse, and as of the end of 2021, there are nearly 450 available electric vehicle models worldwide. There are 298 available models of electric vehicles in the Chinese market, which is the most diverse; There are 184 optional models of electric vehicles in the European market: due to Europe’s leading position in the hybrid route earlier, European car companies have added plug-in electric vehicles to hybrid cars under the wave of electrification, resulting in a relatively high proportion of plug-in hybrid cars in the European market; there is a lack of optional models of electric vehicles in the US market, and there is huge potential for expanding the product lineup in the future.