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Recently, the General Office of the State Council released the Guiding Opinions on Accelerating the Construction of Electric Vehicle Charging Infrastructure, adding new policy drivers to the development of new energy vehicles. Since last year, the country's intensive promotion of favorable policies for new energy has led to a frenzied expansion of production by upstream and downstream companies in the entire industry, creating a scene of "prosperity".

The rise of new energy vehicles this year has exceeded everyone's expectations, "Fang Jianhua, President of Hefei Guoxuan High tech Power Energy Co., Ltd. (including accessories, pictures, and inquiries), told me that currently, domestic power lithium battery companies are expanding in a" competitive "manner. Guoxuan High tech has just put into production a 50000 ton cathode material project in Lujiang, Hefei, And he believes that the gap in domestic lithium-ion batteries this year is close to 100000 sedans (or 30000 commercial vehicles).

The Second Spring of New Energy Vehicles?

As of the end of last year, the number of new energy vehicles owned exceeded 120000. In the first half of this year, China produced a total of 76223 new energy vehicles and sold 72711, with a year-on-year increase of 2.5 times and 2.4 times respectively. The growth rate of commercial vehicles has increased by 8 times compared to the same period last year, reaching nearly 30000 vehicles (data from January to September), while the demand for power lithium batteries in commercial vehicles is even greater.

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