Recently, the new energy vehicle market has ushered in a wave of price reductions, which has attracted widespread attention. Major car companies have lowered the prices of their pure electric models, which has made consumers ecstatic. So, what is the reason behind this wave of price cuts?
First of all, we must understand that the core of new energy vehicles is power batteries. In recent years, with the continuous progress of technology, the cost of power batteries has been decreasing, and the cost of power batteries has also decreased. According to the latest data, at the end of January 2024, iron-lithium power and iron-lithium energy storage cells will be respectively. 43 yuan Wh, ternary cell *** to 048 Wh. This means that the core cost of new energy vehicles has been effectively controlled, providing more room for car companies to reduce prices.
Secondly, with the continuous expansion of the new energy vehicle market, the production capacity of power batteries has also been greatly improved. However, the market demand has not kept up with the growth rate of production capacity, resulting in overcapacity of some power batteries. In order to absorb excess capacity, car companies have to adopt a strategy of cutting prices** to attract more consumers.
In this wave of price cuts, many well-known car companies have lowered the prices of their pure electric models. For example, BYD, Changan Qiyuan, Nezha Automobile, SAIC-GM-Wuling, etc. have all joined the ranks of price cuts. According to industry insiders, this wave of price reductions will continue for a period of time, and the price of pure electric models is expected to further decline in the future.
This is very good news for consumers who want to buy new energy vehicles. Not only can you buy your favorite car at a lower price, but you can also enjoy a greener and more environmentally friendly way of travel. However, we also advise consumers to wait and see what is happening in the market so as not to miss out on a better time to buy a car.
In short, the price reduction tide of the new energy vehicle market has brought tangible benefits to consumers. In the coming days, we believe that the new energy vehicle market will continue to prosper and bring more convenience and green travel options to people's lives.