Interpretation of 2024 New Energy Vehicle Industry Trends: Retail penetration rate of new energy vehicles exceeds 50%, industry prosperity stabilizes

Recently, data from the Joint Branch of the Passenger Car Market of the China Association of Automobile Dealers showed from April 1st to 14th that the retail volume of the passenger car market was 516000 units, the retail volume of new energy vehicles was 260000 units, and the retail penetration rate of new energy vehicles reached 50.39%, surpassing traditional fuel passenger cars for the first time. The pattern of the oil and electricity market has reversed. According to the "2024 Interpretation of Ten Key Industries under the Leading of New Quality Productivity - New Energy Vehicles" released by Qixin Data, a subsidiary of Hehe Information, the coordinated development of industrial clusters in the Yangtze River Delta region has formed a "4-hour industrial circle" for new energy vehicles; In the past three years, the increment of charging station operators has grown rapidly, digging into the billion dollar charging market; From scale to popularization, the prosperity of the new energy vehicle industry has stabilized.
Accelerating Collaborative Development of Industrial Clusters and Building a "4-hour Industrial Circle" in the Yangtze River Delta
The construction of industrial clusters helps to optimize the industrial structure within a certain spatial range, promote the healthy and sustainable development of industries, and at the same time, with the increase of the clustering degree of related enterprises, it will also achieve close integration layout and enhance the competitiveness of the industrial chain by strengthening collaborative cooperation.
The coordinated development of industrial clusters in the Yangtze River Delta region has formed a "4-hour industrial circle" for new energy vehicles: Shanghai provides chips, software, and other components to form the "brain" of automobiles, Jiangsu provides power batteries, Zhejiang provides integrated die-casting machines, and Anhui assembles complete vehicles. The complete industrial chain of a new energy vehicle is built within a 4-hour drive, leveraging the advantages of various regions to promote high-quality development.
According to Qixin data, Jiangsu Province is far ahead in terms of the number of industrial clusters with 4 national and 8 provincial levels. Among them, as a new member of the "trillion yuan club", Changzhou has established a layout and formed a momentum in the new energy vehicle industry, gradually covering more than ten fields such as transmission system, braking system, steering system, electrical instrument system, lighting, automotive body, automotive accessories, etc. More than 3000 related manufacturing enterprises have gathered here, forming a production value scale of 300 billion yuan, and building a solid "new responsibility" of Changzhou's "industrial foundation".
Charging station operators have seen rapid growth in growth in the past three years, tapping into the billion dollar charging market
The high growth in the number of new energy vehicles has also prompted the continuous improvement of the supplementary energy system. According to Qixin data, the number of new charging station operators has grown rapidly in the past three years, with nearly 7700. At present, charging facilities have entered a critical period of technological and industrial upgrading. With the rapid development of the new energy vehicle industry and the construction of a new power system, vehicle network interaction will play an important role. In the future, a high-quality charging infrastructure system will be built to promote the close integration of electricity and transportation.
In addition, the popularization of new energy vehicles will also drive the continuous growth of global waste batteries and production waste, and lithium in lithium batteries has high recycling value. According to a McKinsey report, the total economic value of waste batteries and production waste will reach 13 billion US dollars. According to the average lifespan of power batteries, which is estimated to be 5-8 years, a wave of retirement is imminent, and the prospects for lithium battery recycling and utilization are very promising.
From scale to popularization, the prosperity of the new energy vehicle industry has stabilized
Since 1992, China's new energy vehicle industry has experienced more than 30 years of vigorous development, completing a significant transformation from initial exploration to demonstration operation, then to market-oriented development, opening up to the outside world, and now to large-scale development. Currently, the scale of the new energy vehicle industry is constantly expanding, and the number of surviving enterprises is steadily increasing. Especially in the past three years, the proportion of newly established enterprises is close to 20%, demonstrating the strong attractiveness and high level of the industry. Looking ahead to the future, the new energy vehicle industry has enormous development potential and is entering a stage of rapid growth and popularization. Qixin data shows that its industry prosperity has stabilized and has remained at a relatively high level in the past five years. It is reported that the industry prosperity index is a comprehensive evaluation of Qixin Investment Promotion, a subsidiary of Qixin Data. Based on the data capabilities of the industrial chain, the index evaluates the overall production and operation status of the industry based on the revocation situation, investment activities, financing activities, business activities, and litigation situation. It can objectively reflect the overall production and operation status of the industry.