The hottest electric vehicle in China drives the w

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China's electric vehicles drive the world car market

the author is now Olivier coispeau, partner of Roland Berger international management consulting company in Greater China. Before joining Roland Berger, Mr. guobaosheng worked for JPMorgan Chase and Schroder group. During his tenure at credit Lyon, he was responsible for the rescue plan. He was also the head of maverlinn corporate finance in London and later became the founder and President of antfactory, a $1billion private equity fund in France

the picture shows a light alloy car named "never satisfied" designed by Camille gennatz, a Belgian engineer, in 1899. It was the world's first electric car with a speed of more than 100 km/h

seeing that the top speed of those huge fuel consuming cars is limited to 50 to 70 kilometers per hour, and each car carries an average of one to two passengers at most, but the weight of the car is more than 1 ton (a high-end car with a speed of 250 kilometers per hour can weigh up to 2.5 tons), we can imagine that an era is coming to an end. We must also realize that big cities in the world are in urgent need of lighter, cheaper and more environmentally friendly urban individual vehicles (ITV's)

China's auto sales have increased rapidly in recent years, and have become the world's second largest auto sales market, and its auto electronics market also has great development prospects. Chinese policymakers are starting to pave the way for the future automotive automation market through technological innovation. If we can independently develop light, cheap and environmentally friendly urban individual vehicles, China is expected to change the global automobile market

it is not easy to change electric vehicles

among them, the upper device of the mobile beam has a lower jaw

it is unrealistic to simply regard the traditional internal combustion engine industry as a sunset industry. Until now, compared with 600million fuel vehicles on all roads in the world, the popularity of electric vehicles is still like a drop in the ocean. Batteries have always been a shackle restricting the development of electric vehicles. The key factor for electric vehicles to occupy the mainstream market is that batteries are too bulky and expensive to easily replace relatively cheap petroleum fuels

in fact, various countries have been constantly exploring the upgrading of traditional internal combustion engine technology. But when it comes to saving, we find that the speed of technological innovation is so slow. The Transportation Research Society of the University of Michigan measured the trial distance and fuel consumption of various vehicles in the United States from 1923 to 2006. The evaluation based on the continuous updating of car comfort and internal equipment shows that the average fuel consumption of Ford Model T in 1913 was only 9.4l/100km. However, since 1923, the average fuel consumption of American cars has been 16.8l/100km, which has lasted for more than 10 years. Later, with the continuous improvement of vehicle safety coefficient and comfort, the fuel consumption rose to 19.6l/100km. After the outbreak of the energy crisis in 1974, the U.S. automotive industry changed its strategy, and the fuel consumption was improved to 14.0l/100km in 1991

although people have gradually realized the importance of environmental protection since then, the update of fuel technology is still slow. Until 2006, the fuel efficiency only exceeded 13.8l/100km. If the United States is determined to reduce the annual fuel consumption of cars by 10%, the fuel efficiency of all cars, including cars, motorcycles, trucks and buses, must be increased by nearly 2%. This figure seems not big, but it took a full 15 years to increase by only 0.3%. In the final analysis, if we do not take corresponding adjustment and regulatory measures to completely change this situation, the green revolution will be based on the fact that the tensile strength of carbon fiber (T800 grade) is ≥ 5.8gpa, which is impossible to come

the new transportation system may accelerate

tracing back to the history of cars, it is found that the most prosperous era of electric vehicles is about the end of the 19th century and the beginning of the 20th century. In 1899, the light alloy car named "never satisfied" designed by Camille gennatz, a Belgian engineer, was the world's first electric car with a speed of more than 100 km/h. The car is now preserved in the Museum of Gombine, France. At the beginning of the invention of electric vehicle, the strongest opponent was the huge and bulky steam locomotive, which was later overtaken by diesel locomotives. By the beginning of the 20th century, the "golden age" of electric vehicle in European and American countries was gone

it is remarkable that while western countries are still busy tapping the potential from the gasoline and diesel engines that are going to the end, China is organizing resources to try to bring revolutionary changes to the domestic and even the global automotive market - China's electric car boom is quietly heating up, especially the urban electric car has the most potential. BYD, a Chinese electric vehicle and battery manufacturer, is an automobile manufacturer with rapid development in the Chinese market. This company is likely to become the first Chinese company to break through the Western automobile market. At the end of 2009, BYD plans to launch the E6 fully automatic car and enter the American market next year. The car can last 180 miles on a single charge

one of the main reasons why electric vehicles fail to enter the mainstream market to repair equipment is the lack of sufficient power storage capacity of batteries. General motors of the United States and Toyota of Japan are targeting a new generation of lithium-ion batteries using iron phosphate technology. This kind of battery has a high safety factor. If it is used for a long time, even if it is heated, it will not cause a fire

decision makers pave the way for the market

the Chinese government is paying increasing attention to environmental and climate change issues. From its timetable for implementing new energy policies, it can be seen that a series of policies they implement will directly or indirectly affect the future of the automotive industry. For example, as the designer of the new energy plan, the national development and Reform Commission of China guides the future development direction of the industry from the perspective of macro policies; On the other hand, the Ministry of science and technology of China is promoting the reform of automobile projects and new business models. They are formulating a scientific new energy vehicle strategy, which is of great importance to China

in fact, as early as 2001, the Ministry of science and Technology launched an electric vehicle research and development project, which was included in the government's "863 Plan", and received a total of 2.4 billion yuan of financing from the government and enterprises. Since 2006, this project has been supporting the development of new energy vehicle technology. The most recent example is that during the 2008 Beijing Olympic Games, a total of 595 clean energy vehicles served the Olympic Games

in the next step, the Ministry of science and technology will accelerate the promotion of the "ten cities, one thousand vehicles" plan. It will take three to four years to develop more than 10 major cities every year, and launch 1000 new energy vehicles in each city for demonstration operation

entrepreneurs are frequently involved in the field of environmentally friendly vehicles

from the field of household appliances, information technology and communication, Chinese entrepreneurs have long had the ability to innovate. This shows that local enterprises can develop and influence the global market by providing innovative products at a price lower than that of successful multinational enterprises. There is a similar situation in the automotive industry. In the field of small city vehicles using alternative power systems such as electric drive, there are many opportunities to innovate ITV with low-cost innovation. In the automotive industry, in addition to BYD, more and more innovative enterprises will take advantage of these opportunities. In September last year, Sino US Energy Holding Company under Warren Buffett paid US $230million for a 10% stake in BYD, which is only a beginning for foreign investors to participate in the development of China's new energy vehicles

overseas mergers and acquisitions of Chinese automobile enterprises are also heating up. The acquisition of Hummer by Sichuan Tengzhong Heavy Industry may indicate that China may take an unconventional path to accelerate the development of the automobile industry. Overseas M & A is the accelerator of the globalization of Chinese automobile enterprises. In the end, the new automobile industry model will be different from the complex current model, and closer to the current separated personal computer (Dell or Lenovo computer) model

with the establishment of a new international strategic partnership, the automotive industry is undergoing another industrial revolution. So far, only a few transactions have been made public, and more will follow in the future

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