New Energy Company Accelerates Development – Economic Observation Network – Specialized Financial News Channel
On January 24, 2026, the Economic Observation Network reported that Hengde Times (300750.SZ) unveiled its new series of lightweight electric vehicles powered by advanced battery technology. This series features batteries with a density of 175Wh/kg, which can operate efficiently even at temperatures as low as -30°C.
Among the advancements, the vehicle’s primary power source is a lithium-ion battery, specifically tailored for small VANS and compact electric cars. According to the data released by Hengde Times, this battery type has a remarkable energy density and is designed for prolonged use.
Previously, on January 17, at the Qinshan Mountain industrial park, the Qinshan Energy Technology Company held a groundbreaking ceremony for its new production line. This facility will focus on the production of high-performance lithium-ion batteries, which are expected to reach a production capacity of 3.45GWh by 2025, an increase from 1.76GWh in 2024.
Additionally, the recent market analysis indicates that LG’s new energy systems are planning to establish a testing line for lithium batteries in Suzhou, with the goal of enhancing the supply chain for battery production.
As the price of lithium batteries continues to rise, companies are focusing on reducing costs and optimizing production efficiency. It is projected that by 2026, the cost of lithium battery manufacturing could drop to around 0.4 yuan/Wh.
This shift in production strategy reflects a broader trend where companies are striving to enhance their competitive edge in an increasingly demanding market. By 2025, it is anticipated that China’s lithium battery production will reach approximately 11,050 GWh, with the aim of fulfilling the growing demand for electric vehicles.
Furthermore, the latest data suggests that by 2025, the market for lithium-ion batteries will see a significant upswing, with an expected production capacity of 8,550 GWh, representing a 77% increase compared to previous years.
In this context, companies are increasingly investing in battery technology that promises higher energy densities and longer life cycles. This competitive landscape is prompting firms to innovate rapidly, ensuring that they can keep pace with technological advancements and market demands.
The rise of electric vehicles is not just a trend but a fundamental shift in the automotive industry, promising a future where energy efficiency and sustainability take precedence. As companies like Hengde Times lead the charge in battery development, the implications for the energy sector are profound.
The electric vehicle market is expected to expand significantly, driven by innovations in battery technology that enhance vehicle performance and reduce environmental impacts. As a result, the demand for high-quality, efficient batteries will continue to grow, shaping the future of transportation.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/rapid-growth-of-lithium-battery-industry-insights-from-financial-reports-and-market-trends/
