New energy vehicles widely promote battery bottlenecks still need to break through

After waiting for more than a year of policy vacancy period, New Energy Automobile finally ushered in a wave of policy support in the second half of 2013. In 2014, it was even considered as the first year for electric vehicles. However, many industry analysts have invested in the field of electric vehicles, the biggest bottleneck in the promotion of electric vehicles, but also in battery technology breakthroughs.

On January 8, 2013, the investing nightspots of the 2013 Global New Energy Vehicle Conference brought together more than 50 investors in the electric vehicle industry. The representatives of Tesla and BYD who had planned to attend previously did not appear at the end, but the investment community’s concern about the breakthrough in battery technology was more than the optimism of the business community.

New Tianyu Capital Directors Yi Jin said that one of the biggest problems in the promotion of electric vehicles is the cost. The biggest bottleneck of this cost is the battery. He believes that the current battery power density is too low, leading to an increase in the weight and cost of the vehicle. Unless this technology is increased 2-4 times, 300 watt-hours/kg will be reduced, and the cost will be reduced to less than one or two hundred dollars to meet the large-scale promotion requirements for electric vehicles in the future. According to Yijin, the new Tianyu has not made any investment in the electric vehicle field.

The above point of view resonates with the investment community. He Hongzhang, chairman of the Beijing Dao Fund, which has been investing in the electric vehicle industry for many years, also stated that in the future, if there is no technological innovation, or if the product cost is reduced through large-scale production, there will be some obstacles at the consumer level. Moreover, he believes that if China’s new energy vehicles still hold the opportunity to enjoy state subsidies forever and enjoy the market, they may not have great development. As for whether or not it can complete the scheduled 500,000 vehicles in 2015, he believes that it can be completed. However, the quality of the finished product and the next step need to be considered.

Fu Yi, deputy general manager of Putian New Energy Co., Ltd. believes that after the exchanges with Toyota and BMW, they will understand that the research and development of batteries will only require three years for research purposes. This is impossible for most battery manufacturers in China. The quality control and system design gap is very far. Fu Yi gave an unsatisfactory assessment of the middle multiplier, cruising range, and service life. At the same time, he believes that there is basically no possibility of realizing a curve overtaking from the field of pure electric vehicles.

In the end, when electric vehicles will erupt, Pan Xiaofeng, managing director of Jinsha River Venture Capital, said that the total market size is too small, and everyone will not be able to get food. The industry's tipping point will be reached in 2016-2017.

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