Development Strategies and Policy Trends of the Next-Generation Vehicles Battery: Focusing on the International Comparison of China, Japan and South Korea

Abstract

In recent years, with the rapid spread of next-generation vehicles (NGVs), China, Japan, and South Korea (CJK) have been leading the development of vehicle batteries. As development strategies and policy trends of NGVs battery are changing in CJK, the competition among battery manufacturers is expected to become more intense in the future. However, there are few international comparative studies on the development policy, production, and sales of NGV batteries in CJK. Based on the review and investigation of the technical development, policy trends, and the world market share of vehicle batteries in CJK, this study spots trends in the features of development strategies and policies of NGV batteries in CJK, and further inspects the interrelationships in these three countries comprehensively. The result shows that CJK have different focuses on the development of NGVs battery technology and policymaking. It is predicted that in the future competition of the vehicle battery market, Japan is likely to be far surpassed by China and South Korea. Based on grasping the development strategies and policy trends of vehicle batteries in CJK, this study plays an important role in the academic research and policymaking of the production, sales, regeneration, and resource recycling of the NGVs and vehicle batteries.