New energy vehicles attack "core" as the

Impure oil, the car runs up and gasps; the battery is paralyzed, and the electric car naturally does not give power.

This is the hidden concern of China's new energy vehicles. Although the speculation in the capital market is fiery, despite the favorable support at the policy level, the technical problem is "back to the original point" - battery technology is not available, and electric vehicles do not call.

On June 13th, BYD, which will return to A shares, completed the second round of inquiry roadshows for A-shares listing in Lujiazui, Shanghai. According to the prospectus, BYD plans to issue 79 million shares and raise funds of 2.192 billion yuan, investing in lithium-ion battery production projects, automotive R&D production base projects, expansion of varieties, and auto parts construction projects. BYD Chairman Wang Chuanfu told the media that BYD has completed the layout of electric vehicles and is ready to enter commercialization. In the media coverage, from time to time it is possible to find comments such as "BYD returns to A-shares to detonate new energy vehicles." However, in Wang Chuanfu's statement, the R&D team of automotive power batteries with more than 1,000 employees is the focus.

Prior to this, the countries that are waiting for final approval have released a positive policy signal for the “Development Plan for Energy-saving and New Energy Automobile Industry”. According to the contents of the plan, the total production and sales volume of China's new energy vehicles will reach 5 million by 2020, and the main technology line will also insist on pure electric power. The more prosperous fiscal policy is that from the beginning of this year, the central government will invest 1,000 yuan in the next 10 years. Billion to build an industrial chain for new energy vehicles.

In sharp contrast to this, domestic mass production of new energy vehicles has not been able to “stop” successfully. BYD’s letter of intent to prospectus reveals that the group started selling F3DM in February 2009 and started selling E6 two new energy vehicles in March 2010. During the reporting period, F3DM sold a total of 365 vehicles and achieved sales revenue of 29.44 million yuan. In the report period, E6 sold a total of 53 vehicles and realized sales revenue of 13.376 million yuan. In the international market, representatives of new energy vehicles, General Motors, Chevrolet Volt, and Nissan Leaf have all eyeed the Chinese market, especially VOLT's production and sales will exceed 10,000 this year.