In an announcement on Monday, a former top regulatory official in the industry projected that China is on track to achieve a more than 50 percent New Energy Vehicle (NEV) penetration rate nearly a decade earlier than initially planned.
Miao Wei, the former minister of industry and information technology, highlighted that China’s new energy vehicle development has entered a transformative phase of widespread market expansion. As a result, he anticipates that the NEV penetration rate will hit the 50 percent milestone as early as 2025, well ahead of the target set in 2020, which aimed for NEVs to constitute over 50 percent of total auto sales by 2035.
Addressing the crucial role of batteries in NEVs, Miao emphasized the global momentum and leadership that China has achieved in this domain. He specifically underscored the importance of commercializing all-solid-state batteries within China, recognizing them as a promising solution to overcome the limitations associated with traditional lithium-ion batteries in NEVs.
Miao made these statements during the inaugural conference of the China All-Solid-State Battery Collaborative Innovation Platform. This industry platform aims to drive advancements in all-solid-state batteries, widely acknowledged as a key solution for the constraints posed by conventional lithium-ion batteries in NEVs.
During the conference, Ouyang Minggao, an initiator of the platform and an academician of the Chinese Academy of Sciences, outlined the significance of all-solid-state batteries as a pivotal battleground for next-generation battery technology. He projected that these batteries are likely to be industrialized by 2030.
While recognizing China’s global leadership in lithium-ion batteries, Ouyang acknowledged the need for sustained efforts in the commercialization of all-solid-state batteries. He called for collaborative initiatives to ensure that China maintains its prominence in the global battery arena.
