The New Energy Automobile Industry Is Shifting to Focus on China
China is becoming the global export base for pure electric vehicles (EVs), according to a recent analysis by the Chinese website of Nikkei. China has brought together battery and other components companies with the help of new rules on new energy vehicle, which popularize pure electric vehicles. China is increasing its influence as the world's leading pure electric vehicle power in terms of sales and production. Statistics from the UK's LMC AUTOMOTIVE show that China accounted for about 40% of global production of pure electric vehicles (660,000 vehicles) in the first six months of 2020, with 250,000 units, higher than the US (23%) and Japan (2%). China's new-energy vehicle exports, centered on pure electric vehicles, rose 2.4 times in the first six months from a year earlier to 36,900 vehicles. Exports rose to US$1.1 billion. And the export of pure electric vehicles is expected to increase further in the future. Germany's BMW will export its new pure electric "IX3" car, made in Liaoning province, to Europe, starting delivery in early 2021. Exports to the United States will also be explored. Tesla has already exported “model 3”, made in its Shanghai factory, to Europe in October. China's sales of new energy vehicles ranked first in the world for five consecutive years up to 2019. Statistics from China's Ministry of Industry and Information Technology show that more than 2 trillion yuan has been invested in new energy vehicles, and the supply chain is improving day by day. The benefits of China's expanded production of pure electric vehicles will also benefit Japanese parts and materials companies. Japan's Nec, the world's largest pure electric vehicle drive motor company, is stepping up its business expansion in China. Asahi Kasei and Sumitomo Chemical, which have a high share in the components of lithium-ion batteries, will also seize the market through localized production. From the perspective of trend, the new energy vehicle industry is shifting from The United States and Europe to focus on the Chinese market.