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Driven by Technology, China’s New Energy Vehicle Industry has Great Potential

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Driven by Technology, China’s New Energy Vehicle Industry has Great Potential

November 23
19:06 2020

Due to various historical reasons, China’s traditional automotive industry has not been able to achieve synchronized development with the world in the past. Domestic independent brand car companies are still far behind from the international level in terms of technical strength and brand value. But looking at the development of new energy vehicles, China started almost from the same starting line with the international forces, and from China’s energy structure and technical strength, it is suitable to develop new energy vehicles. However, it is still unknown whether it will be possible to achieve an overtaking in the new energy vehicle industry in the future.

In terms of the core technologies of the engine, transmission, Chinese companies do not have advantage. But as for batteries, motors, and electronic control systems, China’s competitiveness is evident. The development of new energy vehicles can allow Chinese companies to stand on the same starting line with advanced companies in Europe, Americas and Japan, and give them the opportunity to achieve overtaking in a short period of time.  

The energy consumption of new energy vehicles is not low, but it is indeed lower than that of fuel vehicles. All new energy vehicles use clean energy — electricity and achieve zero emission, which is a big advantage over traditional cars. For environmental protection, this is of great significance. 

In the future, consumers will be more open to accepting new energy vehicles. The attraction of China’s new energy automotive market to foreign automobile brands will become more evident. More people are drawn to new energy vehicles. In general, Chinese consumers are more receptive to innovation, which is an advantage of the Chinese market.

In the meantime, China’s automotive market is becoming more individualized, high-end and quality-oriented. Among those domestic car makers, the new innovative car company Human Horizons has launched its new energy vehicle HiPhi X, which somehow subverts people’s stereotype impression of new energy vehicles. 

HiPhi X has been driven by technology since its birth. It has the first mass-produced open intelligent H-SOA electrical architecture independently developed by Human Horizons. With it, the car can realize the separation of onboard software and hardware, and integrates body, power, autonomous driving, smart cabin, and central network into a whole. Its cloud battery management system combines BMS and cloud technology, which can largely avoid the problem of spontaneous combustion of lithium batteries.

As for intelligence, HiPhi X realizes Level 3 autonomous driving at launch. It is fitted with dual redundant system design, which gives it a higher level of safety and reliability.

In the next 15 years, new energy vehicles may usher in a heyday of development in the car industry. At the 2020 World New Energy Vehicle Conference, the development direction of the new energy vehicle industry in the next 15 years was clearly pointed out. Efforts will be made in the fields of key technology research, infrastructure construction such as battery charging and autonomous driving, international cooperation, and policy support for new energy vehicles. 

It is foreseeable that in this development process, China’s new energy vehicle companies will definitely experience intensified competition both from foreign and domestic companies. Only those who master key technologies, large-scale production capacity, and innovative business models will have a better chance to stand out!

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