New Energy Battery Investment Policy

What is a new energy vehicle policy?

Policies covering the sales stage placed maximum emphasis on new energy vehicle subsidies while focusing on the demonstration role of public institution procurement. In the use stage, the most important topic was the construction of charging infrastructure and the environment of new energy vehicles.

Why do we need a new battery subsidy policy?

In addition to annually reducing the amount of subsidy for public and private purchases, these policy adjustments also imposed more stringent technical requirements (e.g., energy density, driving range, etc.) for receiving subsidies in order to promote the development of core battery technologies by the domestic firms (policy aims at low-levels).

How to improve the life cycle of the power battery industry?

At the same time, it is necessary to fully consider the characteristics and attributes of each stage in the life cycle of the power battery industry and to strengthen the connection between each stage to promote the healthy development of the industry. Maintain policy continuity after setting policy objectives.

What does the EU's energy policy mean for batteries?

In 2018, as part of the EU’s industrial policy, the Commission designated batteries as a strategic imperative for the EU’s clean energy transition, and launched an action plan aimed at making Europe a global leader in sustainable battery production and use.

Why is battery development important for the EU?

The development and production of batteries has become a strategic imperative for the EU, enabling the clean energy transition and as a key component of the competitiveness of the automotive sector. To help the EU become a global leader in sustainable battery production and use, in 2018 the Commission published a strategic action plan on batteries.

What is the government's focus on the power battery industry?

Overall, as this is an emerging industry, the government’s focus varied in different periods, with the initial focus being on R&D and the production of the power battery industry to promote its development.