Policy "red envelope" strikes, power batteries will continue to grow this year

With the effective control of the new crown epidemic in China, the country is steadily advancing the resumption of work and production in various industries. According to the data provided by the Ministry of Industry and Information Technology, from February 19 to the present, the overall operating rate of enterprises in the automotive industry has increased from about 60% to 97%, and the rate of employee reinstatement has increased from about 50% to 82%. Over the same period.

In fact, the current challenge is demand recovery. According to industry analysts, due to insufficient current market demand and increased corporate inventory, some companies may not reach normal levels of productivity in the short term.

In order to stimulate demand

The potential for electrification of vehicles in the public domain is huge

Governments at all levels in China have all along taken the lead in electrification of public-sector vehicles as an important measure to reduce greenhouse gas emissions and promote green development of the industry. In August 2019, the Ministry of Finance issued a notice requiring localities to formulate implementation plans for the promotion and application of new energy buses, and to clarify the replacement goals and timetable of new energy buses. According to Battery China.com, current time and targets for electrification in the field of public transportation have been formulated in many places across the country.