CRU: New Year Present for OEMs - China Relaxes EV Battery Requirements

CRU: New Year Present for OEMs - China Relaxes EV Battery Requirements

PR Newswire

LONDON, Jan 8, 2019

LONDON, Jan 8, 2019 /PRNewswire/ --

The EV revolution represents a number of significant opportunities for China, and the Chinese government has been keen to stimulate domestic EV production as a result. But while other countries are using incentives and subsidies to encourage the improvement of battery technologies, China gave indications that it would instead use highly punitive measures to encourage manufacturers to improve their energy densities over the coming years. An announcement this week suggests that this may no longer be the case.

New year present for OEMs – China relaxes EV battery requirements

 

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The growth of the e-mobility sector represents a huge opportunity to the Chinese government

The growth in EV usage in China will have a number of far-reaching effects on the country.

As a result, the Chinese government has been keen to encourage EV production through a combination of measures.

While other countries use carrots, China uses a stick

Like other countries, China offers generous subsidies to EV consumers. When considering subsidies offered at a government and a local level, these equate to around $10,000 per vehicle currently – though China does intend to reduce this in the coming years.

Read the full story: https://www.crugroup.com/knowledge-and-insights/insights/2019/new-year-present-for-oems-china-relaxes-ev-battery-requirements/

Read more about CRU: http://bit.ly/About_CRU

About CRU

CRU offers unrivalled business intelligence on the global metals, mining and fertilizer industries through market analysis, price assessments, consultancy and events.

Since our foundation by Robert Perlman in 1969, we have consistently invested in primary research and robust methodologies, and developed expert teams in key locations worldwide, including in hard-to-reach markets such as China.

CRU employs over 260 experts and has more than 10 offices around the world, in Europe, the Americas, China, Asia and Australia – our office in Beijing opened in 2004.

When facing critical business decisions, you can rely on our first-hand knowledge to give you a complete view of a commodity market. And you can engage with our experts directly, for the full picture and a personalised response.

CRU – big enough to deliver a high-quality service, small enough to care about all of our customers.

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