Home / Metal News / China Top Innovative Intelligent Carmaker’s Analysis on Technology, Development, Challenges of New Energy Vehicles

China Top Innovative Intelligent Carmaker’s Analysis on Technology, Development, Challenges of New Energy Vehicles

iconMay 9, 2023 16:51
Source:SMM
At the main forum of the 8th China International New Energy Conference and Industry Expo hosted by SMM, Song Yilin, vice president of Leapmotor, expressed his views on the existing technologies, future development trends and challenges of new energy vehicles.

At the main forum of the 8th China International New Energy Conference and Industry Expo hosted by SMM, Song Yilin, vice president of Leapmotor, expressed his views on the existing technologies, future development trends and challenges of new energy vehicles.

SMM Overseas Marketing Dai Luanjie: In the new energy vehicle segment, technologies of motors, electronic controls and batteries have made great progress, what is the current development of existing technologies? And what are the future development trends and challenges?

Song Yilin, Vice President of Leapmotor: The current technological development, in the past 10 years, especially in the past 5 years, including batteries, motors, and electronic controls, has been very mature, driven by our Chinese market.  More than 80% or even more of global batteries and cells come from China. Most of the components of electric vehicles are domestically produced, so domestic battery technology has developed very rapidly in the past 10 or 5 years, and domestic electric vehicle technology is at the forefront of the world.

From the perspective of challenges, the motor and electronic control must achieve high performance and low price. In terms of detailed technology, the motor pursues high power; the production line of flat wire is currently a bit difficult in China, and the flat wire winding needs to import high-end automatic production lines from abroad; the process cost of flat wire is high, and it will take time to mature.

In terms of batteries, the first thing to do is to improve the quality, and the second is how to minimise the cost. Electric vehicles are far more competitive than fuel vehicles. Lithium iron phosphate is widely used. Only by improving the quality from the raw material end to the battery cell can there be a good product, so as to reduce costs.

Further development is required in fast charging, and it is recommended that material factories and battery factory speed up the development speed. From the perspective of the system, the future is that the battery is highly integrated with the body, and at the same time it is convenient for maintenance and disassembly. Generally speaking, electric vehicles must have high performance and better cost performance in order to make electric vehicles more competitive.

More popular news:

'Bond King' Jeffrey Gundlach Says Sharp Fed Rate Cuts By Year-End Will Push Up Gold Prices

Copper Shortage Is Irreparable Even after Biggest Mergers and Acquisitions, Here’s Why

Rio Tinto Warns of Risks for Paying High Premiums for Lithium Mines after Plunging Lithium Prices Triggered Acquisition Rush

Sharp Output Cuts Led to Lithium Ore Shortages, High Import Prices Drove Lithium Salt Producers to Shut Down

US Treasury Bill Rates Soar to Record High on Debt Ceiling Jitters

UBS Raises China GDP Growth Forecast, Sees Earnings from China Stock Market Soaring, RMB Appreciating

Russia is Accelerating Technology to Become Top Liquefied Natural Gas Supplier by Tripling Exports By 2030

China's Manufacturing Industry will Not be Replaced by Any Other Countries Including India

Global Manufacturing PMI in April Points to Greater Downward Pressure on Global Economy

SMM Daily Comments (May 5): LME Base Metals Rose across the Board, SHFE Nickel Plunged

A Bull Gold Market Has Just Begun 

JPMorgan: How to Invest Amid a Likely Recession? Investors are Turning to Gold and Tech Stocks

SMM Daily Comments (May 4): Coking Coal and Oil Prices Plunge, SHFE Nickel Soar, Gold Hit Record High

IMF Slashes Saudi Arabia GDP Growth 2023-2024, Saying the Country Can’t Achieve Budget Balance This Year unless International Oil Prices Surge to $81 per Barrel

JPMorgan Asset Management: US Treasury Bonds will Strengthen

Market forecast
Market review
Macro economy

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

SMM Events & Webinars

All