Twenty years ago, no one could have imagined that an industry with a market of hundreds of billions of dollars could be dominated by Chinese companies.

In the past few decades, due to the pillar nature of the automotive industry, new energy vehicles have been the biggest story built by large automobile markets such as Europe, the United States, Japan, and South Korea to continue to promote economic development. But in the end, China's new energy vehicles rose to become the most powerful force driving the energy transformation of the global automotive industry.

With the rise of China's new energy vehicle market, the core industry chain of new energy vehicles is gradually dominated by Chinese enterprises. Especially in the power battery sector, the core of the new energy vehicle industry, Chinese companies will have a global power battery market share of 60.4% in 2022, of which CATL and BYD together account for more than 50%.

It can be said that in the first 30 years of the development of the power battery industry, China has won the final victory. From the current point of view, the strong position of China's power battery industry chain will continue for a long time.

However, in the face of the large market of power batteries, the global game of big countries is still not over.

This article has the following views on the power battery industry:

1, lithium-ion batteries were invented in the United States and commercialized in Japan, while power batteries were born out of the consumer battery industry chain. Around 2008, under the influence of the economic crisis, the United States promoted the return of manufacturing, and the new energy vehicle industry chain was the core goal, and American power battery companies represented by A123 were supported by policies. However, due to the lack of supply chain support, insufficient market demand and other factors, A123 eventually went bankrupt, and the dream of the first round of power battery giants in the United States was shattered.

2, based on the advantages accumulated in the consumer electronics battery industry, the global power battery players have turned to Japan, South Korea and China. After 2008, China continued to introduce new energy vehicle subsidy policies, driving the outbreak of the new energy vehicle market. At the same time, in the field of power batteries to support domestic enterprises, BYD and CATL have risen successively. With the help of China's policies, markets and supply chains, it will become a global giant.

3, at present, the battle of power batteries is not over. Under the shadow of economic recession, the United States once again promoted the return of manufacturing, and the power battery industry chain became the core goal. Under the IRA law, Chinese power battery companies have been restricted. At the same time, the United States, together with South Korea and Mexico, is trying to make up for the shortcomings of power battery technology and the power battery industry chain, and this story has been recognized by capital. However, whether the dream of the power battery giant in the United States can be realized still needs to be followed-up.

The dream of European and American power battery giants was shattered for the first time

The rise of the power battery market industry chain stems from the progress of lithium battery technology and is born out of the development of the consumer electronics industry chain.

After the discovery of galvanic batteries, rechargeable batteries became the target of scientists. In the 70s and 80s of the 20th century, M. Stanley Whittingham, John M. Through continuous research, scientists such as B. Goodenough and Akira Yoshino have discovered a reliable path to produce rechargeable lithium battery technology, and lithium-ion batteries were born.