Global Organization

Is the NEV battery industry a new industry?

The development of the battery industry is crucial to the development of the whole NEV industry, and many countries have listed battery technologies as key targets for support at a national strategic level, which means that the NEV battery industry as a new industry has stepped on the stage of the development of this era. .

Are power batteries the core of new energy vehicles?

Power batteries are the core of new energy vehicles, especially pure electric vehicles. Owing to the rapid development of the new energy vehicle industry in recent years, the power battery industry has also grown at a fast pace (Andwari et al., 2017).

Are batteries a strategic emerging industry?

On December 19, 2016, the State Council released the “13th Five-Year Plan for the Development of National Strategic Emerging Industries”, in which the NEV industry was included in the development plan for strategic emerging industries . It shows that batteries, as the power source of NEVs, will be increasingly important.

Why is the demand for NEV batteries increasing?

In recent years, the explosive development of NEVs has led to increasing demand for NEV batteries, which has led to the rapid development of the NEV battery industry, resulting in increasing prices of raw materials manufactured and sold by raw material manufacturers, i.e., the upstream battery industry.

What is the government's focus on the power battery industry?

Overall, as this is an emerging industry, the government’s focus varied in different periods, with the initial focus being on R&D and the production of the power battery industry to promote its development.

How do government policy tools affect the power battery industry?

The government prefers to use environment-side and supply-side policy tools to plan the development of the power battery industry, while demand-side policy tools have a certain traction effect on expanding market demand and improving market mechanisms.

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