China's power batteries account for 70% of the world's battery industry, highlighting its monopolistic power

In 2016, China's production of new energy vehicles reached over 500000 units, while in 2011, this number was only 10000 units. With a growth rate of about 50 times in 5 years, the development of new energy vehicles in China has entered a period of rapid growth.

According to He Peng, Assistant Secretary General of the China Association of Automobile Manufacturers, China has become the world's largest market for new energy vehicles. In 2016, it achieved multiple world firsts in terms of new energy vehicle resource supply capacity, annual production and sales volume, ownership, construction and operation of public charging stations.

Roland Berger recently released the '2017 Q2 Global Electric Vehicle Development Index' report, which also revealed this trend: China ranked first in the global electric vehicle development index.

The booming production and sales of electric vehicles in China rely on the rapid development of related technologies, 'said He Peng.' Taking the key component of electric vehicles, the battery, as an example, five years ago, the range of electric vehicles in China was only 100 kilometers. Now, battery costs have been reduced by nearly half, performance has been improved by 30%, and the range has been increased to 300 kilometers

The reduction in battery costs and improvement in performance have led more large commercial vehicles to begin experimenting with electrification.

New energy vehicles have entered the field of public transportation, and mature new energy vehicle models have been put into use in logistics vehicles, refrigerated trucks, tourist buses, and urban buses. As of the end of 2016, the total number of new energy buses in China has exceeded 160000, and the number of new energy taxis has reached 18000.

The ecology of the global automotive industry is being reshaped, and new energy vehicles and intelligent connected vehicles have become important opportunities for China to transform from a major automobile country to a strong automobile country, 'said Ding Hongxiang, Deputy General Manager of China Machinery Industry Group Co., Ltd.

In this situation, 'new forces in car manufacturing' continue to flood into China's new energy and intelligent vehicle industry. According to the data of China Automotive Technology Research Center, there are more than 200 new energy automobile enterprises in China, including BAIC, SAIC, Chang'an and other traditional automobile enterprises, as well as Internet companies and communication enterprises.

'There are many cross-border cooperation and attempts in the field of new energy vehicles at home and abroad.' Zhan Wenwen, head of the new energy vehicle management department of BAIC Group, said, 'The influence of the 'new force of car building' cannot be underestimated. The addition of Internet background enterprises is a new blood, which has promoted the continuous innovation and upgrading of the automotive industry.'

Behind the prosperity of both production and sales, and the emergence of new formats and models, we also need to see the gap between new energy vehicles and advanced levels in technology. Yan Maosheng said that the market prospects for new energy vehicles in China are very broad, but ultimately it is the vehicles themselves that determine the future pattern of the automotive industry. The future of new energy vehicles in China still needs to be achieved through technological breakthroughs and improving overall vehicle performance.