What is the trend of new energy vehicles ？
Apr 20, 2024
Car Wash Mud Magic Clay Bar Clay Mitt Pad Factory
![](data:image/svg+xml;charset=utf-8,<svg height="853px" width="1280px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)
With the vigorous development of the new energy vehicle market, technological progress and model innovation are changing people's perception of automotive products, Clark Dai, our EV technology manager in China analyses the current status and future trend of the new energy automobile industry, and shared the overall solutions of automotive applications.
The automotive industry has been impacted by a wide range of factors, including the global pandemic and conflict in Eastern Europe. These challenges are causing restrictions in the global supply chain, contributing to huge fluctuations in commodity prices. For example, under the requirements of the global carbon-neutral trend, it is imperative to reduce the use of carbon-based energy sources such as oil and coal. Most countries have set a timetable for the withdrawal of fossil fuel vehicles from the market, and new energy vehicles will inevitably become the first choice in the future. At the same time, fuel prices have remained high, accelerating the transition of new energy vehicles. In 2021, the electric vehicle market of China witnessed an explosion of electric vehicle sales.
An increase of 130%, accounting for 13% of China's overall car sales, China's electric vehicles have begun to be generally accepted by the public, according to professional institutions, it is expected that the annual compound growth rate (CAGR) of electric vehicles will exceed 35% in the future.
The automotive sector is one of the largest industries in China. With the current development of electric vehicles, the industry recognizes the various technical challenges it faces, such as:
Range; battery mileage is short, especially in winter, which can easily cause mileage anxiety
Charging time; which is too long, and the charging station is not universal in rural areas and third- and fourth-tier cities
Reliability; battery safety; fear of thermal runaway
Power; excessive energy consumption of electric vehicles is considered a restriction on the adoption of new energy vehicles.
The solution (of these pain points) will accelerate the popularization of new energy vehicles.
