Shulou(Shulou.com)11/24 Report--

CTOnews.com September 23 news, today at the China New Energy vehicle Development High-level Forum, BYD Chairman Wang Chuanfu mentioned to adhere to the technical route of lithium iron phosphate as a power battery.

Wang Chuanfu said that at present, many lithium mines have been found in China, but the mining is not so fast, but the market is growing rapidly and the supply is tight. China's lithium resources are generally sufficient to meet the overall electrification needs of more than 300 million cars in the country. Cobalt resources are very scarce in the world, and the proven cobalt ore in China is only 130000 tons; the proven reserves of nickel resources in China are only 4 million tons, and the reserves of cobalt and nickel can not meet the overall electrification demand. "We can't be choked by oil from the age of fuel trucks." to the era of electric cars, we can't be stuck by cobalt and nickel. "

According to the different cathode materials, the power battery can be divided into two technical routes: lithium iron phosphate and ternary. Last year, the domestic lithium iron phosphate battery had a market share of more than 50% for the whole year, and achieved a counterattack when it lagged behind the ternary battery in a row from 2018 to 2020. In a report released earlier this year, Goldman Sachs raised its global market share forecast for lithium iron phosphate batteries. It predicts that lithium iron phosphate batteries will have a global share of 38% by 2030, up 13 percentage points from previous forecasts. According to the statistics of the above report, lithium iron phosphate batteries accounted for 28% of the global market last year, while ternary batteries accounted for the rest of the market.

Wang Chuanfu also said that it is necessary to adhere to the parallel development of pure electricity and hybrid technology. At present, half of China's households are still car-free, plugging in and mixing short-distance electricity and long-distance fuel to effectively meet the first purchase and exchange needs of families, while pure electric cars cater to the demand for additional purchases. The plug-in hybrid change is mild and has little impact on the industrial chain. in the process of transformation, it is conducive to ensure the stability of the industrial chain and supply chain, and contribute to the smooth transition from fuel vehicles to electric vehicles.

In response to questions from investors yesterday, BYD officials said that the company's products have been widely recognized and concerned, there are sufficient orders on hand, and the company is constantly increasing its production capacity. With regard to the global layout of new energy vehicles, BYD responded that its new energy vehicles operate in more than 70 countries and regions and more than 400 cities on six continents.

CTOnews.com learned that BYD produced 175400 new energy vehicles and sold 174900 new energy vehicles in August. Wang Chuanfu, chairman of BYD, also revealed in a conference call at the end of August that BYD had 700000 orders on hand and a delivery period of 4-5 months for new cars.

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