The Locomotive Market Scale Will Be over 50 Billion RMB

www.chinatrucks.com: Science & Technology Department and 863 Program Electric Vehicle Major Technology Special Penal Group visited Shanghai Eorive Co., Ltd., the leading enterprise of new energy locomotive industry, and researched the development situation of this industry recently. The price of valuable resources represented by lithium carbonate has been zoomed for the sales of new-energy vehicles increased greatly. The average price of lithium carbonate has risen by over 100% since 2015. The stock price of leading company in the industry of lithium hit the record high.

It is estimated that the demands of locomotive and electric control system will face the opportunity of explosive growth and the allocation of industry vital is also competed fiercely for the fast increasing of production and sales of electric vehicles. The demand of motor drive system will reach 50 billion to 100 billion RMB till 2020 according to the estimation of the targeted scale of new-energy vehicles made by policy plan.

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