China will occupy 60% of the global sales of new energy vehicles in the future

British media said that the Chinese government has greatly encouraged the global campaign to eliminate internal combustion engines. With many European countries proposing to ban traditional fuel vehicles from 2025 to 2040, Beijing says they are studying the timing of similar actions for gasoline and diesel cars.

According to the report of the British "Financial Times" website on October 19, as the world's largest and most lucrative automobile market, China has a huge influence in the automotive industry. China has become the world's largest producer of electric vehicles. According to the China Association of Automobile Manufacturers, last year China sold 507,000 electric vehicles, including buses and commercial vehicles, which accounted for about 45% of the world's total sales of electric vehicles.

According to the report, since the 1960s, for emerging Asian economies, the selection of a winning industry has been a proven and effective strategy. China is committed to becoming a leader in the electric vehicle industry, with Japan and South Korea. The success policy coincides. Electric vehicles are only part of China’s ambitious "Made in China 2025" program of action. This program seeks to transform China from a low-cost manufacturing country into a dominant one in the top ten areas by the middle of the next decade. Strong science and technology countries - these areas include robotics, semiconductors and electric cars.

The report said that if China’s environmental and economic motivations are clear, in fact, China has also seen a competitive advantage that can be used: Although China’s internal combustion engine technology has always lagged behind, China has two top-ranking lithium battery manufacturers in the world’s top 5. Business: Ningde Times New Energy Technology Company and BYD.

"If the car's engine and powertrain are replaced by a simple battery, the global auto giants will lose control of the car (production)," said Zhang Yu of Shanghai Consulting's car market forecast. "The car has become Anyone outsources the production of a pile of parts."

According to the report, in short, the car may become the industry driven by the commercial hardware after the smartphone and the computer. Most of these hardware are currently mass-produced in southern China. Currently, foreign competitors have blocked the technology of hybrid and internal combustion engine transmission systems, but many Chinese companies have patent advantages in battery-driven technology. Goldman Sachs estimates that by 2030, China will account for 60% of global sales of new energy vehicles.

“They want to create an industry (by reducing oil imports) that meets their own security needs and they can lead,” said an auto executive.

According to the report, however, experts say that these batteries are too heavy and too expensive, which means that without continuous government subsidies, electric cars will not be able to attract consumers.

In addition, the report said that many consumers want electric vehicles to reach 400 kilometers of battery life, and the current battery power density can only reach about half of the required.