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

Recently, with the disclosure of Q3 financial report, Ningde era's performance in European market is remarkable. According to the data, the company's share in the European market has reached 35%, and has fully covered European local automobile enterprises; from January to August 2023, the cumulative loading volume of power batteries in overseas market in Ningde era was 54.7GWh, with a year-on-year growth rate of 111.1%; the market share soared to 27.7%, 7 percentage points higher than that of the same period last year, ranking first among the top 10 manufacturers in the world.

Europe has obviously become the second largest market after China in Ningde era. Behind this achievement is reflected the strength of Ningde era itself and the expanding market demand of Europe.

As a leading enterprise in the global power battery industry, Ningde Times has opened a German branch as early as 2014. After 9 years of operation accumulation, Ningde Times has already possessed the advantages of localized production, localized R & D, localized marketing and localized service in the European market.

On the other hand, the European market, where established automobile manufacturers gather, has lost its first opportunity in the wave of automobile electrification, creating a strong transformation power, which provides a large market space for Chinese power battery enterprises. At the same time, Europe has become the world's second largest new energy vehicle market after China. Data show that in the first half of this year, the global sales volume of new energy vehicles exceeded 4.22 million, an increase of 66.3% year-on-year. Among them, the European market sold 1.09 million vehicles in the first half of the year, only behind China, ranking second.

In recent years, the European Union is continuously introducing incentive policies for the new energy automobile industry, and European automobile enterprises are following the trend and increasing investment in transformation. According to Ningde Times disclosed at the telephone conference of the third quarterly newspaper, it has recently continuously obtained large orders from a number of European local automobile enterprises such as Volkswagen, Stellantis, BMW, Mercedes-Benz, etc., and has obtained a higher share in the new round of European automobile enterprises from 2026 to 2030.

Obviously, this is only a phased victory in the European market in Ningde era. In the future, this leading enterprise will bring more surprises to the new energy field.

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