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April 16, 2024

In five years' time, will Hybrid Car be king or will Electric Vehicle be on the rise?

WLB Auto, as a car seller, we understand that we can do a good job in our industry by mastering the hearts of consumers, and for most people, as the second biggest choice in their lives, "buying a car", I believe that recently, many people have been hurt in the head.
After all, unlike 20 years ago, when there is only fuel car as an option, find the right brand, choose the right type, you can pick out a good car.
Nowadays, there are several power modes, not to mention brands and types.
Faced with such a problem, how should we choose?
Should we embrace the "tram" and bet on the future trend? Or shake hands with "hybrid" to grasp the current market?
Consulted some insiders, they said the signal has been very clear, grasp the current 3 changes, we know how to choose.
The first consideration is to observe the strategic layout of car companies.
The one who understands consumers best is actually not necessarily the consumers themselves, but the developers of the products. This is reflected in Xiaomi Car's xiaomi su7 car.
In Europe, many people can experience this when they swipe through Tiktok videos: even though they haven't searched yet, the platform can already accurately recommend the content or products that we want.
The same logic applies to the automotive market.
By gaining insights into the layout of car companies, we can foresee the future direction - these companies, after all, don't invest in technologies that don't have a future.
What is the current situation in the international market? We can observe the following trends:
On the one hand, companies such as BYD Car, in which High End Custom Auto, clearly favours the development of pure electric vehicles.
This is evidenced by BYD's "Yangwang" and "Tengshi" series, both of which are predominantly pure electric.
On the other hand, Li Auto Stock, which started out with extended-range technology, has not stepped up its efforts in extended-range or hybrid technology in 2024, but has shifted to the development of pure electric vehicles.
For example, the first pure electric car, the Ideal mega is already on the market and will soon be launched this year in the pure electric range such as the M9, M8 and M7.
The reason behind this shift is clearly not for nothing.
Rather, they have seen the inflection point and the maturity of the market for pure electrics, which could be in the last few years.
As a result, they are investing heavily in resources to develop pure-electric models to suit the needs of this market.
The second consideration is to read the trend of technology development.
Why have hybrids and extended range been able to flourish in the past? The reason is that the range and charging speed of pure electric vehicles have failed to meet market demand for a long time.
This forced the market, to look for other solutions.
But from 2023 onwards, the situation changes significantly.
Between now and then, 800v high-voltage charging is still the preserve of Porsche and should not be considered without a budget of 2 million.
But as recently as 2023, the technology suddenly blossomed and made its way into millions of homes.
Taking 2024 as an example, there are basically no pure electric cars on sale in that year that are lower than 800v, and you can get an 800v pure electric car from as low as 180k.
In such a scenario, the issue of charging speed, begins to be effectively addressed.
After all, when there is no 800v technology, a full charge will take 1 hour or even longer.
But now, thanks to 800v technology, it takes as little as 12 minutes to replenish a range of 400 kilometres - which undoubtedly greatly reduces the problem of replenishment anxiety.
EV range, on the other hand, is taking a big leap forward.
For example, SAIC ZhiJi's recently released ZhiJi L6 announced the adoption of semi-solid-state battery technology, enabling a range of 1,000 kilometres.
This was closely followed by Hao Platinum Automobile's plans for a pure solid-state battery.
These technological advances signal that within the next three years, the market could be littered with EVs with a range of 1,000 kilometres and extremely fast charging.
In such a scenario, the advantages of hybrids and extended range will be greatly diminished, and their market position will certainly be shaken.
The third thing to consider is the maturity of the infrastructure.
After all, it's not enough to have 800v, if the infrastructure can't keep up, it's still rootless and can't play a role at all.
Then today's infrastructure situation, in the end, how is it? In a nutshell, it's growing at a surprising rate.
4-5 years ago, China's charging piles, or the same as Europe and the United States, the power is generally in the 40-60kw or so, and there are only 200,000-300,000 charging piles. At this stage, both Europe and the United States, and Southeast Asia are improving the infrastructure of hydrogen energy, new energy field.
However, today, the power of mainstream charging piles has been upgraded to 120kw, and the number of public charging piles has increased to 1.5 million.
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