Chinese new energy vehicles industry has large progress in development by years of research. In 2014, there are 78,499 new energy vehicles had produced and 74,763 was sold in China, which are 3.5 times and 3.2 times increased respectively, compared to previous year. On the other hand, vehicle battery met its sales peak 4.7GWh, which was 210% increased than 2013. AskCI estimates 700 thousand of electric vehicles will be sold in 2020; the market share of new energy vehicles will achieve 3%. For market segments, passenger vehicles and lithium battery usage will jointly rise. Over 49.8GWh battery will be used in 2020 estimated; and lithium battery will exceed electronics become the largest segment in electric vehicles accessories market.
BMS has entered practical application phase in Chinese and other countries; AskCI predicts that BMS will be commercialized as the market demands has existed. Lithium battery and BMS performance improvement are the critical factors decide promotion speed of new energy vehicles. The market share of China’s vehicle BMS market was 2.24 billion in 2014; according to the speed that domestic market developed, AskCI estimates that 700 thousand of electric vehicles will be sold, and domestic BMS market achieve RMB 21 billion in 2020.