The lithium battery industry chain extends from upstream resources to end demand, with upstream resources including lithium, cobalt, nickel, phosphorus, copper, aluminum, etc., and end demand including electric vehicles, energy storage, 3C, etc., with a long depth and wide coverage.
Three stages of development of new energy vehicles: policy driven, model driven, cognitive driven
Policy driven: mainly implemented in the early stages of development, the supply side imposes restrictive policies on car companies such as carbon emissions and fuel/new energy credit standards, which become stricter with development; The incentive policies such as purchase subsidies and tax credits implemented by the demand side for consumers have declined with development;
Vehicle driven: Driven by early policies, the trend of electrification has been established, and car companies are concentrating on launching new energy vehicle models. The structure (level, category) of the electric car market is diversified, and consumers' choices have greatly increased;
Cognitive driven: Driven by diversified vehicle models, consumer cognition has changed, breaking away from subsidy thinking and recognizing the logic that electric cars will replace gasoline cars in terms of driving experience, range, price, and other aspects; The new energy vehicle market is gradually sinking, accelerating its penetration into second - and third tier cities in terms of geography, and entering the mid to high end market in terms of price, highlighting its consumer attributes.
