2017 Top Ten New Energy Vehicles Energy Storage Inventory

National Power Battery Development Action Plan Released

News Replay: On March 1st, the Ministry of Industry and Information Technology and the National Development and Reform Commission jointly issued the "Action Plan for Promoting the Development of the Automotive Power Battery Industry" (the "Program"), outlining key goals for China's power battery industry by 2020 and 2025. The plan includes nine critical tasks, such as establishing a power battery innovation center to boost research and development in this vital sector.

Comments: Power batteries are essential components of new energy vehicles, directly influencing their range and cost. As the market evolves, the release of this plan marks a significant step toward enhancing China’s competitive edge in the global automotive industry. It not only supports technological advancement but also lays a solid foundation for future growth.

2017 Battery Industry M&A Fever

News Replay: In 2017, several major companies made headlines with acquisitions in the battery sector. Innovation Shares planned to acquire 100% equity of Shanghai Enjie for 5.55 billion yuan; Sino-Portuguese Shares aimed to purchase Guo'an Lithium for 2.708 billion yuan; and U.S.-based All Energy sought to acquire a 95.51% stake in Ruifu Lithium for 3.596 billion yuan. These moves reflected strong investor confidence in the growing battery market.

Comments: The surge in M&A activity was driven by anticipation of the booming new energy vehicle market. However, the influx of capital also led to overcapacity, raising concerns about sustainability. While these transactions helped consolidate market positions, they also highlighted the need for strategic planning to avoid future imbalances.

The First National Standard for Battery Recycling Introduced

News Replay: On May 12, the National Standardization Management Committee released China’s first national standard for power battery recycling, titled "Recycling and Utilization of Vehicle Power Battery Recycling Specifications." The guidelines set out requirements for qualified recycling companies, including proper dismantling procedures and safe storage of used batteries.

Comments: With the rapid increase in electric vehicles, the issue of battery recycling has become urgent. This standard ensures that the process is carried out responsibly, reducing environmental risks. By setting clear regulations, it paves the way for a more sustainable and eco-friendly battery industry.

Smart Charging Overall Solution Attracts Attention

News Replay: During the 9th Shanghai International Charging Station (Pile) Technology and Equipment Exhibition from August 23 to 25, Zhejiang Wanma Pentium New Energy introduced a smart charging tree and an integrated intelligent charging solution. The system aims to improve efficiency and user convenience in charging infrastructure.

Comments: The integration of smart charging solutions is crucial for supporting the expansion of electric vehicles. Wanma New Energy’s approach offers a cost-effective and flexible model that could serve as a benchmark for future charging station developments.

“Double Points” Management Measures Promulgated

News Replay: On September 28, the Ministry of Industry and Information Technology and the Ministry of Finance announced the “Measures for the Concurrent Management of the Average Fuel Consumption of New Passenger Vehicles and New Energy Vehicles.” The policy introduces a points-based system to encourage manufacturers to meet fuel efficiency and emissions targets.

Comments: This measure reflects the government’s commitment to promoting new energy vehicles and reducing carbon emissions. By offering incentives through the points system, it encourages innovation and supports long-term growth in the green automotive sector.

Storage Industry First Guidelines Issued

News Replay: On October 11, the National Development and Reform Commission and other departments released the “Guiding Opinions on Promoting Energy Storage Technology and Industrial Development.” The document outlines a two-phase development plan for the next decade and highlights five key tasks to drive progress in the field.

Comments: As the first comprehensive guidance for the energy storage industry, these opinions provide a clear roadmap for growth. They signal the government’s recognition of energy storage as a critical component of the renewable energy transition, marking a milestone in the sector’s development.

Beijing No.1 Bus Uses 18-Meter Electric Car

News Replay: On October 22, the first batch of 18-meter-long pure electric buses from Zhuhai Yinlong New Energy Co., Ltd. began operating on Beijing Bus Route 1. Equipped with lithium titanate fast-charging batteries, the buses can be fully charged in just 15 minutes and have a maximum range of 130 kilometers.

Comments: The introduction of these large electric buses demonstrates China’s advanced manufacturing capabilities and its commitment to green transportation. The “China Red” design adds a cultural touch, while the technology showcases the nation’s efforts to build a sustainable urban mobility system.

World’s Largest Battery Energy Storage System Built

News Replay: On December 1, Tesla completed its energy storage battery system in South Australia, which is now the largest built-in battery energy storage system in the world. With a capacity of 100 MW/129 MWh, the system can power around 30,000 homes for over an hour.

Comments: Tesla’s project sets a new benchmark for large-scale energy storage and serves as a model for similar projects globally. As renewable energy becomes more prevalent, the role of energy storage in stabilizing the grid will only grow, making such systems increasingly vital.

First Group Standard Released in Hydrogen Energy Field

News Replay: On December 6, the China Energy Conservation Association released the country’s first group standard in hydrogen energy, titled "Proton Exchange Membrane Fuel Cell Fuel Hydrogen." The standard covers hydrogen specifications, impurity limits, sampling methods, and safety requirements for use in fuel cell vehicles.

Comments: Hydrogen holds great potential as a clean energy source, but challenges remain in terms of safety and logistics. This standard provides a much-needed framework for the safe and efficient use of hydrogen in the automotive sector, helping to accelerate its adoption.

World’s Highest Altitude Energy Storage Project Connected to Grid

News Replay: On December 9, the Tibet Yangyi Energy Storage Power Station, the highest altitude and largest commercial energy storage project in the world, was successfully connected to the grid. Located at 4,800 meters above sea level, the project combines 30 megawatts of photovoltaic power with 20.7 megawatt-hours of stored energy.

Comments: This groundbreaking project demonstrates the feasibility of energy storage in extreme environments. It opens new possibilities for developing renewable energy in remote and challenging regions, contributing to China’s broader energy strategy.

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