We explore cutting-edge new battery technologies that hold the potential to reshape energy systems, drive sustainability, and support the green transition.
In the Special Project Implementation Plan for Promoting Strategic Emerging Industries “New Energy Vehicles” (2012–2015), power batteries and their management system are key implementation areas for breakthroughs. However, since 2016, the Chinese government hasn’t published similar policy support.
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. .
Reducing the production cost of EVs and power batteries need to make better policies and large-scale research and development (R&D) for industrialization, commercialization, and sustainable development of vehicles.
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.
Firstly, a portion of the power battery production is intended for export markets. Secondly, the output of NEVs does not align or same bring into line with the production of power batteries, resulting in a surplus of uninstalled batteries temporarily stored as inventory. Table 1.
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We explore cutting-edge new battery technologies that hold the potential to reshape energy systems, drive sustainability, and support the green transition.
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