In April 2023, the production of new energy vehicles surged dramatically, with a year-on-year increase of 215%. The “531” production target for the second quarter has not yet been achieved, indicating significant fluctuations in the industry. According to InfoLink Consulting, as of May 28, prices for certain solar products have continued to decline. Specifically, the price per watt for 183N cells is approximately 0.95 yuan, for 210RN it is about 1.1 yuan, and for 210N it stands at 1.3 yuan. Compared to the week of April 30, these prices reflect a decrease of about 5%.
In the battery segment, the main trading prices for 183N, 210RN, and 210N cells are 0.25 yuan, 0.265 yuan, and 0.27 yuan respectively, marking declines of 7.41%, 3.6%, and 5.26% from the previous month. Meanwhile, the price for TOPCon components is around 0.68 yuan, which is a 2.86% drop from late April. The overall price decline in the industry is primarily attributed to reduced demand from downstream sectors.
For the current quarter, the production capacity of new energy vehicles is projected to be notably high, with expectations for substantial growth driven by various policies. Notably, as of January 27, 2025, the National Development and Reform Commission and the National Energy Administration will initiate new electricity pricing policies to promote the development of high-quality new energy projects.
Despite the growth in production, a recent analysis from InfoLink suggests that the demand for new energy vehicles may not meet expectations, especially given the anticipated price adjustments in the electricity sector. The overall market for new energy products is characterized by a significant shift towards maintaining competitive pricing while also ensuring sustainability.
As of the first four months of 2023, the total production capacity for new energy vehicles reached 104.93 GW, reflecting a substantial increase of 74.59% compared to the previous year. In April alone, production capacity reached 45.22 GW, marking a 215% increase year-on-year, with a month-on-month growth rate of 123%.
Looking ahead, the industry faces challenges including fluctuating market conditions and an uncertain policy environment. The upcoming “531” policy rollout is anticipated to further influence the dynamics of the market, particularly regarding pricing and production capacity.
In conclusion, while the new energy vehicle sector is poised for growth, the interplay of market demands, pricing strategies, and policy changes will significantly shape its trajectory in the coming quarters.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/significant-surge-in-april-solar-module-prices-215-increase-compared-to-last-year-531-policy-impact-uncertain/
