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China's new energy industry

2024-05-22

Since more than 20 years ago, Chinese enterprises have continued to invest in research and development and industrial layout in the field of new energy, forming a unique technological advantage. Taking the battery, a key component of new energy vehicles, as an example, from liquid lithium batteries to semi-solid lithium batteries, from the Kirin battery with a charge of 1,000 kilometers to the 800-volt high-voltage silicon carbide platform with a 5-minute charge of 400 kilometers, the core technology of the battery continues to break through, with higher safety performance, longer driving range and faster charging speed.

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Continue to improve the production and supply chain system. In practice, Chinese enterprises have gradually gathered to form an efficient and complete production and supply chain. At present, China's new energy vehicle industry supporting system includes not only the traditional body, chassis and auto parts production and supply network, but also the emerging battery, electronic control, electric drive system and electronic products and software supply system. In the Yangtze River Delta region, new energy vehicle Oems can solve the supply of required supporting parts within a 4-hour drive, forming a "4-hour production and supply circle".

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Continue to optimize the market ecology. China's market is huge, rich scenes, full competition, digital, green, artificial intelligence and other technologies to accelerate the application and industrialization, in the active entrepreneurship and innovation and fierce survival of the fittest, continue to emerge competitive, popular quality enterprises and products. In 2023, the production and sales volume of new energy vehicles in China will increase by 35.8% and 37.9% respectively, of which about 8.3 million will be sold in China, accounting for 87%.

 

Continue to promote openness and cooperation. China actively welcomes foreign enterprises to participate in the development of the new energy industry. Many multinational car companies, such as Volkswagen, Strangis and Renault, have set up joint ventures with Chinese new energy vehicle companies. Tesla accounts for more than a third of China's new-energy vehicle exports. The global CEO of Volkswagen said that "the Chinese market has become our fitness center". At the same time, Chinese enterprises have actively carried out investment and technological cooperation abroad, which has driven the development of local new energy industry.