Challenges behind the development of electric vehicles

Mercedes-Benz Group AG chairman Kang Linsong said in an interview recently that they will take China, the world's largest auto market, as the center of the next-generation electric vehicle plan starting in 2025.

According to the data released by the China Association of Automobile Manufacturers, as of the first half of 2023, the output of new energy vehicles will be 3.788 million, a year-on-year increase of 42.4%, and the cumulative installed capacity of power batteries will be 152.1GWh, a year-on-year increase of 42.4%. An increase of 38.1%. The market share of new energy vehicles has reached 28.3%. Li Bin, the founder of Weilai, believes that by 2030, the penetration rate of electric vehicles in China is expected to reach 90%.

Zhang Xiaofei, chairman of Gaogong Lithium Battery, believes that the lithium battery industry chain has expanded significantly in the past two years, and new production capacity will be released in a concentrated manner starting from 2023. Take downstream NMP materials as an example. Henan Zhonghui Electronic New Materials Co., Ltd. has recently successfully completed a new energy supporting electrode auxiliary material and recycling comprehensive utilization project with an annual output of 100,000 tons. The equipment is about to enter the trial production stage; The first phase of the Puquan new energy project is also ready for production, and the second phase is expected to be completed and put into operation by the end of this year. However, in the first quarter, the capacity utilization rate of lithium battery related industries was only 40-60%. CATL's financial report also shows that in the first half of the year, the power battery and energy storage battery sectors contributed 73% and 15% of the company's revenue respectively, but the revenue growth of the two major sectors has slowed down. This large-scale expansion may Leading to overcapacity, intensified price competition, and the decline in corporate profitability have become a reality. Therefore, considering upgrading to high-quality production capacity and formulating a reasonable development strategy will help enhance the competitiveness of enterprises.