27 Jan '15, 1pm

China Expected to Launch Subsidy for Electric Vehicle Lithium Batteries

China Expected to Launch Subsidy for Electric Vehicle Lithium Batteries

Japanese automakers, including Toyota and Honda, are planning to produce lithium batteries in China, in light of the proposed subsidy policy. Toyota is planning to produce hybrid power systems at its Changshu facility, while Honda is planning to produce such systems at a location in China. Immature technologies and high manufacturing costs keep lithium battery prices elevated. Replacing the battery in the Nissan LEAF, for example, would cost $5,500, accounting for 25.6 percent of the vehicle’s price which starts at $21,480. Despite the cost, China’s electric vehicle sector is seeing fast growth . In the first 9 months of 2014, the country produced and sold 38,500 and 38,200 electric vehicles, representing an increase of 2.9 times and 2.8 times year-on-year, respectively. Production and sales of pure electrics reached 22,700 and 22,300 units, respectively, while production ...

Full article: http://www.renewableenergyworld.com/rea/news/article/2015...

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