In April, the production of new energy vehicles (NEVs) saw an impressive increase of 215% compared to the previous year, with the “531” subsidy policy yet to meet expectations, according to the latest data from InfoLink Consulting. The report highlights a continuous decline in prices within the supply chain for NEVs since the end of April.
As of May 31, 2025, the prices of mainstream battery models have shown varying trends. Specifically, the prices of 183N batteries were at 0.95 yuan per watt, while 210RN batteries were priced at 1.1 yuan, and 210N batteries at 1.3 yuan. These figures reflect a decrease of approximately 5% compared to the end of April. In the same period, the trading prices for the major battery models were 0.25 yuan, 0.265 yuan, and 0.27 yuan per watt, representing decreases of 7.41%, 3.6%, and 5.26% respectively.
With the prices of TOPCon components at 0.68 yuan per watt, a decline of 2.86% was noted since the end of April. The overall downward trend in prices is mainly attributed to the softening demand from the end-user market. As a result, there has been a significant shift in pricing behavior across the entire industry chain.
Looking ahead, the NEV sector is expected to experience particularly unique challenges in 2025. The shift from policy-driven pricing to market-driven pricing mechanisms will be substantial. This transition is driven by new energy projects which will likely alter the landscape of energy pricing significantly. The focus will be on establishing market prices that reflect supply and demand dynamics rather than regulatory measures.
According to the State Energy Administration, from January to April this year, the production capacity of new energy vehicles reached 104.93 GW, marking a 74.59% increase year-on-year. In April alone, the production reached 45.22 GW, which is a staggering 215% increase from the previous year, and represents a 123% rise compared to the previous month.
As of May 28, the mainstream trading prices for 183N, 210RN, and 210N batteries have shown increases of 10.17%, 14.81%, and 3.23% respectively. There is a growing concern that these price fluctuations may continue in the coming months, influenced by both demand and market conditions.
In light of these developments, the market will need to adapt to the new realities of pricing and production. The expected change in subsidy policies, particularly the “531” subsidy, is aimed at stabilizing prices and ensuring that supply chains can maintain production levels without excessive cost pressures.
Industry stakeholders are closely monitoring these trends, as any significant changes in policy could have far-reaching implications for the future of new energy vehicles and their supply chains.
In conclusion, while the current landscape for new energy vehicles appears robust, the real test will come as the market shifts towards a more competitive pricing environment influenced by supply and demand rather than regulatory frameworks. It will be crucial for manufacturers and consumers to adapt to these changes in order to navigate the evolving market effectively.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/april-sees-solar-investment-surge-of-215-forecast-for-531-policy-remains-uncertain/
