CCM:HEV, BEV & power battery listed as supporting targets in Shenzhen’s alternative energy industry 08-25-2016

At the end of December 2014, the Shenzhen government issued the Notice on the Organization and Implementation of the 2015 First Special-Fund Supporting Plan for the Development of Alternative Energy Industry. Major targets include HEV, BEV, power battery and key auto parts. This will be favorable to the development of the alternative energy industry in Shenzhen. 

 

At the end of December 2014, the Shenzhen government issued Notice on the Organization and Implementation of the 2015 First Special-Fund Supporting Plan for the Development of Alternative Energy Industry, specifying the first list of the sub-industries in the alternative energy industry to be supported in 2015. From this, alternative energy vehicle, smart grid, solar energy, nuclear energy, biomass energy, energy storage power station and shale gas are included. Specifically in the sector of alternative energy vehicle, hybrid electric vehicle (HEV), battery electric vehicle (BEV), power battery and key auto parts are listed as the major targets.


 


CCM believes that the supporting plan is favorable to promoting the development of alternative energy industry in Shenzhen. Take BYD Company Limited (BYD) for example. As the local enterprise engaged in this sector, BYD is in the lead concerning the technology for Li-ion battery and alternative energy vehicle. Supported by this localized policy, BYD will face great development opportunities in the future, and drive the growth of other alternative energy vehicle manufacturers in Shenzhen. This will enable Shenzhen government to establish the demonstration city regarding alternative energy industry in China.

 

On 20 Jan., 2015, BYD released the “alternative energy + SUV” (SUV stands for sport utility vehicle) strategy at the 2015 BYD International Technology Conference. Meanwhile, the pre-sale price of SUV Tang, the first plug-in hybrid electric vehicle (PHEV) from BYD, was announced. Lian Yubo, senior vice president of BYD stated that the enterprise would launch the medium hybrid SUV Song and the compact hybrid SUV Yuan on the market in succession. Accordingly, electronically controlled continuously variable transmission (ECVT) system will be adopted in the aforementioned 2 hybrid SUVs. BYD intended to form an alternative energy network in the main SUV market in 2015.

 

Regarding the 2015 development strategy from BYD, it is highly in line with the local government policy, positioning alternative energy vehicle as the direction. Early on 29 Dec., 2014, Shenzhen began to implement the vehicle restriction policy, which will last for 5 years provisionally. Distinctly, Shenzhen government has the intention to promote the popularization of alternative energy vehicle and support the industry development via the vehicle restriction policy. This will also facilitate the development of BYD in alternative energy vehicle sector.




About CCM:

CCM is the leading market intelligence provider for China’s agriculture, chemicals, food & ingredients and life science markets. Founded in 2001, CCM offers a range of data and content solutions, from price and trade data to industry newsletters and customized market research reports. Our clients include Monsanto, DuPont, Shell, Bayer, and Syngenta. CCM is a brand of Kcomber Inc.

 

For more information about CCM, please visit www.cnchemicals.com or get in touch with us directly by emailing econtact@cnchemicals.com or calling +86-20-37616606.


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