Honda will work with ningde era to develop a new battery ,the target is Chinese market?

Honda will cooperate with Ningde era to develop electric car batteries

According to Nikkei news reports, Honda will work with the Chinese electric vehicle equipment company ningde era to develop a new battery for use in major models of electric vehicles. The joint development is centered on electric vehicle batteries and related technologies. It aims to work for the launch of a large number of electric vehicle sales plans in China in early 2020.

With the transfer of global electric vehicle technology, the trend towards using components from Chinese manufacturers as key components of finished vehicles will be strengthened.

The Chinese government is funding electric vehicles equipped with locally made batteries, while Japan, the US and Europe are aiming to enter China, the world's largest market for electric vehicles, the media said.

Rolandberg, a well-known consulting company, published the "Global Electric Vehicle Development Index" report, saying that China ranked first in the global ranking of the electric vehicle development index for the first time in the second quarter of 2017, and will lead the global electric vehicle industry and market in the future. The United States and Germany ranked second and third, while Japan lost its leading position.

In 2017, global sales of new energy vehicles exceeded 1.223 million, up 58 per cent from a year earlier. The country sold 777,000 new energy vehicles, accounting for more than half of global sales.

There is no doubt that Honda's cooperation with Ningde, the leading manufacturer of electric vehicle equipment, is undoubtedly aimed at the huge demand for electric vehicles in China in the future.

Daimler as a global supplier

In addition to Honda, Daimler also included the Ningde era as a global supplier.

China has become an important driver in the transformation of the global car industry, according to Dieter Zetsche, chairman of Daimler's board and global president of Mercedes-Benz Motor Group.

His comments on March 26th at the 2018 China development summit were more than a compliment. The new energy car revolution has become the consensus for the development of the global automotive industry, and China is the mainstay of this revolution.

In the new energy vehicle battery field, the Chinese battery company Ningde New Energy Technology Co. Ltd. is becoming an important partner of Daimler.

On March 25, Cai Che told Caijing that Daimler had signed a contract with a Chinese battery supplier. In the future, whether in China or the world, Mercedes-Benz electric vehicles will use China's core. People familiar with the matter said the Chinese battery supplier was in the era of Ningde.

Tangshikai, board member of Daimler AG, had previously said that the domestic EQ brand would use Chinese-made batteries, and Ningde was one of the battery suppliers.

Electric Car Battery Gathering to Industry Leading

Under the background of the rapid development of the new energy automotive industry, the domestic power battery industry has formed the first echelon represented by the Ningde era and BYD, Guoxuan Gaoke, Shenzhen Bic, Tianjin lishen, Wanxiang A123 and other companies. The second echelon represented by the team, The market is rapidly gathering for the tap.

In 2016, the top two giants accounted for nearly 50 % of the market, and the top 10 companies accounted for nearly 80 % of the market. In the first quarter of 2017, the Ningde era has already surpassed BYD as the largest power battery manufacturer in China, with a market share of 25.79 <UNK>, which exceeds BYD's 17.65 <UNK>.

It is estimated that only 10 to 20 power battery companies will remain in existence by 2020.

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