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Changan Motors CEO: Invested 230 Billion in New Energy, Batteries Remain the Biggest Pain Point

Hei Bai Tue, Mar 19 2024 09:54 AM EST

On March 17th, at the 2024 China Electric Vehicle Hundred People Forum, Wang Jun, CEO of Changan Motors, attended and delivered a keynote speech.

Wang Jun revealed that over the past decade, Changan Motors has invested a total of 230 billion in the fields of new energy and intelligentization.

He believes that the momentum of high-quality development in the global new energy vehicle industry is irreversible, and China has accumulated a certain foundation and advantages for the healthy development of the global new energy vehicle industry.

The reason for achieving these results, he believes, firstly, is the unwavering promotion of global ecological environmental governance.

Secondly, it is the persistent pursuit of technological innovation. "Over the past decade, Changan Motors has invested a total of 230 billion in the fields of new energy and intelligentization, injecting strong momentum into the development of the new energy vehicle industry," said Wang Jun.

Thirdly, Chinese automobile companies adhere to the coordinated development of the global industrial chain, constructing a complete new ecosystem of services, and the market user experience is getting better and better.

However, Wang Jun also pointed out that the current new energy vehicle industry also faces many problems and challenges.

Firstly, there is still considerable room for improvement in battery technology, with some pain points such as battery safety, low-temperature decay, battery life, and recharging speed.

Secondly, the user recharging experience needs improvement, and the layout of recharging infrastructure is not balanced enough.

Thirdly, the cost of new energy vehicles remains high, and the scale benefits have not yet been fully realized, with only a few truly profitable. 26886c6f-d84d-4378-b169-be0e7fc01093.jpg