**Growth in New Energy Vehicle Production and Sales**
According to the latest data released by the Ministry of Industry and Information Technology, China produced 5,799 new energy vehicles in July, marking a tenfold increase compared to the same period last year. Meanwhile, the China Association of Automobile Manufacturers (CAAM) reported that new energy vehicle sales reached over 20,000 units in the first half of the year, surpassing last year's total by 2,400 units.
From January to July this year, China's total new energy vehicle production reached 25,900 units, showing a 280% year-on-year growth. Among them, pure electric passenger cars accounted for 13,800 units, up nearly seven times compared to the previous year, while plug-in hybrid models reached 5,027 units, an increase of nearly ten times.
Representatives from the Ministry of Industry and Information Technology also mentioned that the first batch of "New Energy Vehicle Models Exempted from Vehicle Purchase Tax" must be launched before the end of August. As the updated list will cover most new energy vehicles, additional support policies for other energy-saving vehicles are also being developed.
It was also reported that the deadline for the qualification review of new energy vehicle enterprises eligible for tax exemption has passed on August 12. Enterprises applying for the first batch of "exempted vehicle purchase tax new energy vehicle model catalogues" must submit vehicle type information to the Ministry of Industry and Information Technology before the 18th.
According to CAAM statistics, in 2012, China sold 12,791 new energy vehicles, representing a 103.9% year-on-year increase. In 2013, sales reached 17,642 units. In the first half of this year, new energy vehicle sales totaled 20,477 units, a 2.2-fold increase compared to the same period last year.
Dong Yang estimated that new energy vehicle production and sales will exceed 50,000 units this year, which is three times the level of last year. He noted that the vehicle purchase tax exemption policy will take effect on September 1st, along with government procurement plans for new energy vehicles and the elimination of local promotion lists, which are expected to boost consumer demand.
To date, 88 cities have been included in the new energy vehicle demonstration program. In these pilot cities, both national and local governments provide subsidies to support the industry.
**Focus on Three Major Opportunities**
**Charging Piles: Innovation in Business Models**
The charging pile operation industry is still in its early stages. High initial investment costs, lack of scientific layout, low utilization rates, and unclear profit models make it difficult for companies to turn a profit at present.
Currently, many players are involved in the market, and competition remains fragmented, but the potential is huge. As of November 2017, State Grid, Star Charging, China Putian, and SAIC An Yue ranked among the top operators with over 6,000 charging stations each. However, the number of charging piles still falls far short of the 4.8 million target for 2020, leaving significant room for growth.
As new energy vehicle numbers grow and the market becomes more competitive, the charging industry is expected to see consolidation, leading to the emergence of a few large platform operators. Companies leveraging IoT, transportation networks, and the internet are likely to stand out.
**Upstream: Cobalt Remains Key, Prices Expected to Rise**
Cobalt demand continues to rise due to policy-driven technological developments aiming for higher energy density and longer range, increasing demand for ternary batteries. With supply tightness, cobalt prices are expected to remain strong.
Lithium demand is also expected to recover as new energy vehicle production grows. While lithium supply is expected to increase steadily, the actual release of capacity from salt lakes may be slower than anticipated. We anticipate a gradual stabilization and rebound in lithium carbonate prices in 2018.
**Downstream: Policy Support to Drive Charging Infrastructure Expansion**
Continued growth in new energy vehicles and policy support are key drivers for the charging infrastructure industry. With a goal of building 4.8 million charging piles by 2020, local governments are introducing construction and operational incentives. The shift in subsidies from vehicle purchases to charging infrastructure is a major factor boosting the industry.
In the short term, equipment providers are expected to benefit first. Over the next three years, the charging pile market is projected to reach 38.7 billion yuan, with promising profit growth for manufacturers. In the long run, the charging pile operation market is expected to become a major investment area.
**Midstream: Focus on Battery and Material Suppliers**
Despite subsidy reductions, the overall demand for batteries and materials in the midstream remains strong. Battery manufacturers face price pressure, but those with high-quality customers and efficient production will gain a competitive edge.
Ternary material suppliers with cost advantages and strong downstream ties are well-positioned for growth. Companies focusing on high-nickel ternary technology are likely to gain a first-mover advantage.
In the diaphragm sector, dry diaphragms are becoming more popular due to their cost-effectiveness. As battery pack prices fall, manufacturers are turning to dry diaphragms to reduce costs. Leading battery companies are already shifting back to using dry films.
Overall, the new energy vehicle industry is experiencing rapid growth, supported by strong policy frameworks and evolving market dynamics.
ELCB is an acronym for Earth leakage circuit breaker, which is a device placed inside a water heater, commonly referred to as ELCB electric leakage breaker. This circuit breaker has the function of disconnecting the device from the circuit whenever an electrical leak occurs through the human body when touching the electrical parts of the device.
ELCB is to limit the incident of electric shock inside the machine, disconnecting the power when there is a problem, ensuring safety for human life as well as fire and explosion prevention.
How many types of ELCB?
ELCB is often used in both civil and industrial applications.
For the domestic electricity system, the installation problem is not difficult, but in industry, the anti-shock for workers and the prevention of electrical leakage for electrical equipment with large capacity requires a bridge. Automatic anti-shock, high-power leakage protection, and often has a much higher price.
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