The technical level of China’s electric vehicles will continue to increase
China has transformed into a major green energy country, with the largest number of solar panels, wind turbines and lithium batteries produced in the world.
By 2030, China will occupy a large part of the world’s work and wealth while the world is gradually getting rid of fossil fuels, and China’s electric vehicle business is booming.
The transition centers to EVs
We believe that China will become one of the main centers of the transition to electric vehicles. China is influencing the rules of global capitalism, and other countries are following closely behind.
While China has become one of the major players in many green industries, it is also impressive in the speed of the development of electric vehicles. The revolutionary development of automobiles in the 20th century led to economic reforms in the United States.
China has lagged behind international automakers for decades. Today, China has skipped the development of traditional fuel vehicles. From the perspective of sales data, China has now become The world’s largest electric vehicle market, and it is still possible to continue to develop. Electric vehicle sales now account for 5% of all vehicle sales, and China’s goal is to account for 40% by 2030.
Li-Ion Power Batteries
Technical competition
In 2001, China supported 863 projects to enhance its competitiveness in the global economy, and invested a relatively small amount of money in three new energy vehicle technologies, about 130 million U.S. dollars. Fuel cells, lithium battery energy storage, hybrid power and electric vehicles, which guide the development direction of China’s electric vehicle industry in the next 15 years.
There is technical competition between China and the United States in the field of renewable energy and the emerging electric vehicles. Now, because the Chinese government has strongly supported the development of electric vehicles for many years, China has begun to take the lead in some areas.
