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As one of the key strategic emerging industries in China, the new energy automobile industry has shown an explosive development trend in recent years. The power battery is the "heart" and "soul" of new energy vehicles, the link with the highest added value in the new energy vehicle industry chain, and the first of the three core technologies in the development of new energy vehicles. The development of the power battery industry and the breakthrough of related technologies are an effective way to break the power bottleneck of new energy vehicles, and are the key to boosting China's new energy vehicle industry to become bigger and stronger, and will ultimately determine whether China can transform from a traditional automobile power to a modern automobile power.

In recent years, China's power battery industry has a strong momentum of development. According to the statistics of the Institute of High Industry (GGII), in 2017, China's power battery shipments reached 44.5 million kilowatt hours, a year-on-year growth rate of 44%, accounting for more than 70% of the global market share, and the industry scale ranks first in the world. However, with the rapid development of the industry, there are also four major problems, namely, the sharp decline in corporate profits, the lack of core technology, overcapacity and difficulty in recycling, which need to be actively addressed.

The development of power battery industry faces the situation of "more troops, less troops"

First, the profits of power battery enterprises decreased significantly, and the industry reshuffle continued to accelerate. Statistics show that in 2017, the overall operating income of the new energy vehicle industry increased by 13.2%, down about 4.6% from the previous year; Net profit attributable to the parent company increased by 7.9% year on year, with the growth rate declining by about 20% compared with the previous year; The gross profit margin was 31.4%, down 1.4% year on year. In addition, the shuffle of the power battery industry has been accelerating recently. In 2015, there were 150 power battery related enterprises nationwide, which had dropped to about 100 by the end of 2017.

As one of the key strategic emerging industries in China, the new energy automobile industry has shown an explosive development trend in recent years. The power battery is the "heart" and "soul" of new energy vehicles, the link with the highest added value in the new energy vehicle industry chain, and the first of the three core technologies in the development of new energy vehicles. The development of the power battery industry and the breakthrough of related technologies are an effective way to break the power bottleneck of new energy vehicles, and are the key to boosting China's new energy vehicle industry to become bigger and stronger, and will ultimately determine whether China can transform from a traditional automobile power to a modern automobile power.

In recent years, China's power battery industry has a strong momentum of development. According to the statistics of the Institute of High Industry (GGII), in 2017, China's power battery shipments reached 44.5 million kilowatt hours, a year-on-year growth rate of 44%, accounting for more than 70% of the global market share, and the industry scale ranks first in the world. However, with the rapid development of the industry, there are also four major problems, namely, the sharp decline in corporate profits, the lack of core technology, overcapacity and difficulty in recycling, which need to be actively addressed.

The development of power battery industry faces the situation of "more troops, less troops"

First, the profits of power battery enterprises decreased significantly, and the industry reshuffle continued to accelerate. Statistics show that in 2017, the overall operating income of the new energy vehicle industry increased by 13.2%, down about 4.6% from the previous year; Net profit attributable to the parent company increased by 7.9% year on year, with the growth rate declining by about 20% compared with the previous year; The gross profit margin was 31.4%, down 1.4% year on year. In addition, the shuffle of the power battery industry has been accelerating recently. In 2015, there were 150 power battery related enterprises nationwide, which had dropped to about 100 by the end of 2017.

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