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China's NEV manufacturers enhance innovative collaboration to further improve, stabilize global industrial, supply chains

China

China

China

China's NEV manufacturers enhance innovative collaboration to further improve, stabilize global industrial, supply chains

2024-12-01 12:04 Last Updated At:12:37

Chinese new energy vehicle (NEV) manufacturers have enhanced their innovation and efficient collaboration across various essential sectors in the industry to further improve and stabilize the global industrial and supply chains.

At the second China International Supply Chain Expo (CISCE) which concluded on Saturday, automakers from both home and abroad set up exhibition booths at the smart vehicle section to showcase not only finished automobiles, but also raw materials and components such as batteries and sensors.

BTR New Material Group Co., Ltd., a professional manufacture of cathode and anode materials for lithium-ion batteries which was founded in August 2000 in south China's tech hub Shenzhen, is dedicated to delivering top-tier battery material solutions for the global new energy industry. They supply essential materials for the production of power batteries used in new energy vehicles, consumer electronics batteries, and energy storage systems.

"Our core products include lithium-ion battery anode materials, cathode materials, and advanced new materials. These components are essential for manufacturing power batteries for new energy vehicles, consumer electronics batteries, and energy storage systems. Since the battery is the heart of a car, our anode and cathode materials are crucial to the battery's performance. We have seen significant growth in this sector," said Chen Chuntian, BTR's technical support director.

As China's leading battery maker, the booth of Contemporary Amperex Technology Co., Ltd. (CATL) showcased products from the energy storage sector, including supercharging piles and various power batteries.

Leveraging the industry chain established by CATL, over 200 leading companies specializing in core materials, battery structure components, and intelligent equipment have also set up operations in Ningde City, east China's Fujian Province.

At the exhibition area of smart vehicles, many car companies set up booths, showcasing how the automotive industry chain is interconnected. The Beijing Ideal MEGA and Xiaomi SU7 models are both equipped with battery packs from CATL.

Another notable company is Seres Automobile, the EV unit of China's Chongqing Sokon Industry Group which acts as a "chain leader". It has successfully attracted a significant number of upstream and downstream enterprises in the field of intelligent connected new energy vehicles.

"Seres has consistently focused on software-defined vehicles, establishing a supply chain system centered around cross-border cooperation with Huawei, which follows a 1+1 plus N model. This approach includes numerous leading supply chain companies, enabling a high degree of parts integration and local clustering of suppliers. Emphasizing integration and agglomeration, Seres has streamlined its network by reducing its previous 300 first-tier supplier partners to just 100, of which 20 are world-class supply chain companies. This consolidation has significantly enhanced the collaborative efficiency and innovation capabilities of the supply chain," said Guo Feng, director of Seres's brand public relations department.

According to data from the China Association of Automobile Manufacturers, China's annual production of NEVs surpassed 10 million units in November 2024 for the first time. This milestone is attributed to innovation and efficient collaboration within the industry chain.

As the world's first national-level exhibition focusing on supply chains, the five-day expo attracted nearly 700 exhibitors from 69 countries and international organizations.

China's NEV manufacturers enhance innovative collaboration to further improve, stabilize global industrial, supply chains

China's NEV manufacturers enhance innovative collaboration to further improve, stabilize global industrial, supply chains

U.S. President Donald Trump said Friday that he is considering "winding down" the U.S. military strikes against Iran, claiming the United States is "getting very close to" meeting its objectives.

"We are getting very close to meeting our objectives as we consider winding down our great Military efforts in the Middle East" with respect to Iran, Trump said on Truth Social.

The objectives Trump outlined include degrading Iran's missile capabilities, destroying its defense industrial base, eliminating its navy and air force, preventing it from ever approaching nuclear capability and protecting U.S. allies across the region.

Also on Friday, Trump said that he does not want a ceasefire with Iran.

"We can have dialogue, but you know, I don't want to do a ceasefire," Trump told reporters before he departed the White House for Florida, noting "You don't do a ceasefire when you're literally obliterating the other side."

"U.S. government says one thing, reality says another," Iranian Foreign Minister Seyed Abbas Araghchi said Friday on X, questioning White House's repeated claims that Iran's air defenses and Navy have been destroyed.

Trump on Truth Social also said that the Strait of Hormuz, a crucial global energy waterway, should be secured by the countries that rely on it and Washington would assist if asked.

"The Hormuz Strait will have to be guarded and policed, as necessary, by other Nations who use it -- The United States does not! If asked, we will help these Countries in their Hormuz efforts, but it shouldn't be necessary once Iran's threat is eradicated," Trump added.

The United States and Israel launched joint military strikes on Iran on Feb 28, disrupting global shipping, sending oil prices soaring and shaking the global economy.

Trump says considering "winding down" strikes on Iran

Trump says considering "winding down" strikes on Iran

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