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ev batteries: a $240 billion industry in the making that …

Almost everyone will be surprised to find that China now has more than 140 electric vehicle battery manufacturers, busy building capacity in order to gain a global share of $240 billion in the next 20 years.
Cars, electric cars, and batteries that power them are all expected to be big industries in China.
For the $240 billion industry, math is simple.
Respected auto analysts like Wall Street research and securities firm Bernstein predict that electric vehicles will account for 40% of global car purchases in 20 years.
Thanks to the global production and sales of nearly 100 million vehicles, this means that even if the total global vehicle volume has not increased from now until now, the annual market for electric vehicles will reach 40 million.
Assuming the price of the battery is the same as the cost of $6,000 for the internal combustion engine, it is now manufacturing a $240 billion battery industry. Dueto its well-
China will be ahead in the field of electric cars and batteries in response to air pollution propaganda.
Read more: Why China leads the world\'s electric car boom, and the global battery manufacturing capacity will need to increase significantly to meet the expected demand, which is why Chinese battery manufacturers are actively expanding.
When Tesla and Panasonic announced in 2014 that they planned to build a \"Gigabit factory\" capable of producing 35 gigawatts of hours (GWh)
The number of batteries is good news every year. (
GWh equals 1 million kilowatt hours. )
After all, the entire battery capacity in the world was less than 50 GWh.
However, great changes have taken place in the past three years.
Under the leadership of China, the battery manufacturing capacity has more than doubled to 125 GWh, and is expected to double to 250 GWh by 2020.
Even this is far from enough.
From 2020 to 2037, the total battery production capacity will need to be increased tenfold, equivalent to 60 new gigabit batteries added during this period.
Turn to Chinese technology from Japan;
Then further development by Korean companies;
It is now moving to China.
China\'s share of battery production in global production has surpassed that of Japan, and it is expected that China\'s global market share will exceed 70% by 2020.
The rapid growth of China\'s electric vehicle market, as well as the trend of Chinese car assemblers to use local products, indicates China\'s continued leadership in battery manufacturing.
According to Roland Berger\'s email
Local lithium-mobility index Q2 2017 report
More than 90% of electric vehicles produced by Chinese manufacturers use ion batteries.
Read more: there is a \"chicken or egg\" problem in the electric car market-
China is solving the problem, many Chinese companies want to participate in the battery lottery, and the Chinese government is considering a policy of setting minimum production capacity for battery manufacturers to further strengthen its position as a global leader.
Although it has not yet been officially released, Beijing hopes that Chinese manufacturers will produce at least 3 to 5GWh a year.
In addition, Beijing issued a draft guide at the end of 2016, stipulating that battery manufacturers need at least 8GWh production capacity in order to obtain subsidies.
As a signal to the market, the government plans to only support the development of battery companies whose annual production capacity is 40 GWh or higher.
While Panasonic is the world\'s largest supplier of electric vehicle batteries, Chinese companies are catching up.
BYD headquarters in Shenzhen-
On behalf of \"Build Your Dream\"-
It is a Hong Kong-listed Chinese automobile company that produced nearly 500,000 cars and buses in 2016, of which about 100,000 were electric or plug-in cars. in hybrids.
In line with BYD\'s vertical integration strategy, BYD has 20 GWh battery capacity and is the largest battery manufacturer in China.
Buffett\'s Berkshire Hathaway subsidiary invested $0. 23 billion in BYD in 2008, when it held a 10% stake in BYD.
BYD is currently valued at $16 in the market. 9 billion.
Read more: China and the United StatesS.
Catl, another leading battery company in China, is a global leader in the electric vehicle industry.
Founded in 2011 and headquartered in Ningde, Fujian province, CATL focuses on the production of lithium
Development of ion batteries and energy storage systems.
CATL has seven production bases in Qinghai, Jiangsu and Guangdong.
7 GWh of battery capacity and plans to reach 50 GWh of battery production capacity by 2020.
Like BYD, CATL is the national champion Company that the Chinese government wants to support and promote.
The companies that observe other companies are Lishen Battery company based in Tianjin and Wanxiang Group in Hangzhou.
Lishen has production bases in Beijing, Qingdao, Suzhou, Wuhan, Ningbo, Shenzhen, Mianyang and other places. It is planned that the battery capacity will reach 20 GWh by 2020.
Wanxiang is one of the largest private enterprises in China and one of the leading auto parts suppliers in China.
In 1994, Wanxiang established the United StatesS.
A company in Elgin, Illinois.
Since then, Wanxiang has made more than 20 acquisitions in the United States, including A123, a battery maker that went bankrupt in 2013, and Fisker Automotor, which went bankrupt in 2014.
Of course, the other side of the upcoming electric revolution is that for each battery pack that is put into the car, one less internal combustion engine is needed.
While the growth of electric vehicles will bring about a huge global battery industry, it will also make significant investments in engine and engine component capacity obsolete globally.

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