New energy vehicles driving into fast lane
- Source: Ce.cn
- [14:10 July 28 2009]
- Comments
The difference between new energy vehicle and ordinary vehicle lies in the power. The industrial chain of new energy vehicle is based on complete vehicle manufacturers, and is extended to upstream and downstream. Complete vehicle, recharging equipment, relevant core components and upstream resources are therefore benefited. For example, the development of new energy vehicle opens domestic market space for power battery; listed companies then invest in the field one after another.
Guotai-Huarong New Chemical Materials Co., Ltd., holding subsidiary of Guotai International Group, mainly produces lithium battery electrolyte and silane coupling agent, it has taken up over 30 percent of domestic lithium battery electrolyte market. Moreover, Citic Guoan Information Industry Co., Ltd., and Ningbo Shanshan Co., Ltd. also have association with lithium battery.
Besides producing lithium battery, Hunan Corun New Energy Co., Ltd. devotes to the production of foam nickel (raw material of nickel hydrogen battery) and nickel series battery; the company used funds raised to invest in the construction of nickel-hydrogen battery energy packet production line of its controlled subsidiary, Hunan Keba Automobile Power Battery Co Ltd.
According to the analysis of Shenyin & Wanguo Securities Co., Ltd., the State has recently issued lots of detailed policies supporting the development of new energy vehicle, and the enforcement and speed both goes beyond the market anticipation. There is still a wide space for follow-up policy support, which will be one of the impetuses that drives new energy vehicle to surpass the market continuously.
Being the core component of new energy vehicle, it is noteworthy that the market space of power battery shall be increased from more than RMB 1 billion yuan at present to around RMB3.25 billion yuan in 2012. But is new energy vehicle able to come to ordinary consumers' lives?
This will depend on a number of factors. Li Shengmao, automobile industry analyzer of China Investment Consulting, pointed out that in spite of its advantages, there is still a long way for new energy vehicle to go to realize scale commercialization, ahead there are three big bottle-necks such as technology, market and supporting facilities.
Modern advanced diesel vehicle is more environment friendly than gasoline vehicles, which has total greenhouse gas emission 45 percent higher than diesel engine; diesel engine could save around 30 percent fuel, it is also more powerful and flexible. Along with the requirement on energy saving and emission reduction get higher, both diesel engine and new energy vehicle will have a broad market space.
