China's new energy vehicle sales cross the 700,000 mark
In the past 2017, the sales of new energy vehicles in China exceeded the 700,000 mark. The hot new energy vehicle market has also brought many opportunities and challenges to the new energy vehicle industry chain. Since the beginning of 2018, the new energy power market has continued to be hot in 2017. Some power battery and related material companies have released investment project plans in the beginning of 2018, and a few of them have invested more than 5 billion yuan.
The rapid development of new energy vehicles has brought China's new energy vehicle market into a stage of market dominance. Factors such as subsidy decline, high battery raw material prices, and accelerated industry reshuffle have forced many companies to re-deploy, in order to seek technological breakthroughs and gain a place under the fierce competition with the help of funds.