Author | Wang Xiaojuan

In today's weather is good. Today's weather is good.

In the field of commercial vehicles, Contemporary Amperex Technology is still continuously increasing its investment.

After the release of the Tianxing commercial vehicle battery solution in early July, on September 13th, Contemporary Amperex Technology released a new product for commercial vehicles, the Tianxing B series product - Contemporary Amperex Technology Tianxing (B) - passenger version battery.

The current released product can extend the whole life cycle of new energy passenger vehicles to 15 years and 1.5 million kilometers, while achieving the highest energy density of 175Wh/kg in the passenger vehicle industry's power batteries.

The new energy commercial vehicle market is a trillion-level market. According to QYResearch, the global new energy commercial vehicle market is expected to reach 162.404 billion US dollars (approximately 1.18 trillion RMB) by 2029, with a compound annual growth rate of 18.41% from 2023 to 2029.

New energy passenger vehicles are also an important part of commercial vehicles.

The data shows that in the first half of 2024, domestic key passenger vehicle companies sold 15,656 new energy passenger vehicles with a length of over 6 meters, a year-on-year increase of 2.76%, and the market scale is expected to continue to expand. It is expected that by 2025, nearly half of the world's urban passenger vehicles will be electrified, and early new energy passenger vehicles will soon usher in a peak of upgrading.

This market has given companies more opportunities.

The characteristics of new energy passenger vehicles are high operating intensity, long service life, and complex working conditions, so the requirements for the life, endurance, safety, reliability, and scenario adaptability of the power battery are very high.

This requires battery companies to produce batteries that match the application scenarios and service life according to the corresponding requirements.

As early as 2013, contemporary amperex technology began to focus on the research and production of power batteries in the passenger vehicle field. To date, over 3.85 million passenger vehicles worldwide have been equipped with contemporary amperex technology batteries, and many new energy passenger vehicles equipped with contemporary amperex technology batteries have been running safely for over 10 years.

In addition to the breakthroughs in energy density and service life mentioned above, the Tianxing (B) - passenger vehicle edition battery released by contemporary amperex technology this time has reached the IP69 level in terms of protective performance. It can withstand a 72-hour water immersion test, and in extreme environments such as heavy rain and urban waterlogging, it can eliminate the safety hazards of water ingress to the battery to the maximum extent, providing safety guarantee for drivers and passengers.

In addition, the battery has made more innovative designs at the battery management system level, introducing a 24-hour intelligent security monitoring system. Through the integration of advanced sensors, big data analysis, and artificial intelligence algorithms, continuous monitoring of the battery's health status and pre-warning of potential risks is achieved. Whether the vehicle is running or not, the safety protection of contemporary amperex technology is always online.

Currently, contemporary amperex technology's Tianxing (B) - passenger vehicle edition battery has cooperated with 13 customers and will be developed in 80 models.

Currently, the penetration rate of new energy passenger vehicles has exceeded 50%, which means a larger market and also implies that the future growth rate will inevitably slow down.

Contemporary Amperex Technology is also actively seeking new growth curves beyond the passenger vehicle market, such as commercial vehicle batteries, eVTOL batteries, and other new directions.

Being prepared for years, Contemporary Amperex Technology still has hope to continue playing a strong role in the upcoming competition.