With the global goal of carbon neutralization, more and more traditional automakers invest heavily in electric vehicles. Among them, the next five years from this year to 2025 will become a key stage to achieve full electrification.
"the electric car boom continues, and companies are actively increasing their investment." According to Bai Yiyang of the International Research Department of China Merchants Bank, in the face of increasingly stringent carbon emission policies in Europe and China, major automakers around the world are accelerating the transformation of electrification, which means that major manufacturers need to invest huge costs to develop platforms, "three power" systems and increase battery life. "A small step behind will directly affect sales and even endanger the survival of enterprises."
The three brands are electrified within two days.
It has emerged that Hyundai will slash the number of internal combustion engine models in its product line to free up resources to invest in electric vehicles, a strategy approved by Hyundai's top management in March. One of the people familiar with the matter said the move would lead to a 50 per cent reduction in traditional gasoline models. Earlier, the Yonhap news agency reported that Hyundai Motor Group plans to invest $7.4 billion in the United States by 2025 to produce electric cars, strengthen production facilities and develop smart mobile travel technology.
"in 2025, the group will sell about 1 million electric vehicles a year to reach 10 per cent of the global electric vehicle market." Hyundai says it is accelerating environmentally friendly vehicle projects, such as hydrogen fuel cell vehicles and pure electric vehicles, and plans to gradually expand the supply of pure electric vehicles in major markets such as the United States, Europe and China. And plans to achieve full electrification by 2040.
On the same day that Hyundai was slashed to cut its traditional fuel models, media reported that Nissan wanted "tens of millions of pounds" of support from the British government to build a battery super factory in 2024. The two sides are likely to announce the outcome of the talks this summer. The capacity of the new plant far exceeds the 1.9 GWH capacity of the existing plant, with an initial capacity of 6 GWH, eventually reaching 18GWh to 20 GWH, and will have a battery capacity to match 200000 electric vehicles a year.
Just a day earlier, Ford said on Capital Markets Day that it would accelerate and increase its investment in electrification, spending more than $30 billion on electrification, including IonBoost battery-related development, by the end of 2025, up from the $22 billion announced in February, of which about $7 billion has been invested since 2016, while improving efficiency from Ford's flexible electric vehicle architecture and modular technology. Through the new investment plan, the company is expected to account for 40% of its global sales of pure electric vehicles by 2030.
Ford revealed that it will launch a new platform for electric vehicles, which will be the basis for all-electric versions of models such as the Explorer SUV and Lincoln Aviator crossovers. On the battery side, it will vertically integrate battery technology and launch a wide range of electric vehicle battery products, including IonBoost lithium battery, IonBoost Pro lithium iron phosphate battery developed for commercial vehicles, and long-lasting, low-cost solid-state batteries based on Ford's own engineering technology and Ford's shareholding Solid Power technology.
Earlier, Ford announced that it would form a battery joint venture with SK Innovation in the United States called "BlueOvalSK" and invested in two plants to produce cells and battery packs to supply batteries for future Ford and Lincoln models.
The next five years will be a critical transition period.
"in the medium and long term, the trend of electric and intelligent cars is irreversible, and we judge that the penetration rate of new energy vehicles in China and Europe is expected to exceed 20% in 2025." Citic Securities Research News pointed out that the global economy of the industry is expected to continue to resonate in the second half of 2021, and the integration of domestic and foreign industrial chains will be accelerated. "domestic new models with more production power will be accelerated, and subsidy policies and new carbon emissions regulations will increase the electrification rate in Europe."
In this context, traditional car companies are competing for the initiative of electric vehicles. According to the reporter's preliminary statistics, in the past two months, several 10 enterprises, including Lamborghini, Nissan, GAC Ean, Geely Technology and so on, have increased their investment in the "electrification" process.
Take the soaring demand of the power battery market as an example, car companies personally "exit" has become the mainstream. In addition to the above-mentioned Ford and Nissan, according to the latest market news, General Motors and LG Chemical plans to build electric battery plants in Ohio and Tennessee; Ford and BMW jointly led a round B investment in solid-state battery startup SolidPower with venture capital VoltaEnergyTechnologies. On the domestic side, Funeng Technology announced that it plans to set up a joint venture with Geely Technology to build a power battery production plant.
"car companies do not want to be 'stuck', let alone be left behind." Bai Yiyang analysis said that throughout the future development plans issued by car companies, the next five years have become a recognized key period of transformation, during which time, a new round of radical changes may take place in the automobile market.
In fact, when companies deploy electric power, they set 2025 as the "critical moment". Among them, Jaguar announced that it will be fully electrified by 2025, with its pure electric models accounting for 50% of total sales; Lexus expects that by 2025, all its models will be electrified, and sales of electrified models will surpass traditional power models; and in the electric vehicle strategy announced by General Motors CEO Maribora, it plans to spend at least $20 billion on developing electric and self-driving cars by 2025. Volkswagen Group even said a few days ago that it will sell 1 million electric vehicles this year and plans to become a global market leader in electric vehicles by 2025 at the latest, when about 1/4 of the new cars sold by Volkswagen Group are pure electric vehicles.
"Global sales of new energy vehicles are expected to reach 15 million vehicles by 2025, with a compound annual growth rate of 38 per cent and a penetration rate of close to 15 per cent." Ping an Securities believes that with the reduction of the impact of the normalization of the epidemic, domestic new energy vehicles have entered a period of stock upgrading after rapid growth, and European electric vehicle sales have burst under policy stimulus.
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